I was mostly just trying to get my point across in a hastily written comment. But you are absolutely right that I should have considered the layoffs market wide when talking about the impact they have have market wide.
And I hate to lessen the human impact that the layoffs have, especially when COBRA is a joke and people rely on their employers 401k match and such to have a decent living in retirement. I’m not endorsing our current system, I don’t like any more than the rest of us. I just think we need to solve the problems of people’s QOL in retirement being tied to the market and things like healthcare being dependent on one’s employment before we worry about companies being run to make as much money as possible