I’m not sure what you’re saying. The size of the labour force and the way salary “growth” relates to employer movement rate seem to me relatively independent dynamics. Moreover, I’d imagine increased layoffs positively correlate with the advantage that regularly moving employers can provide.
Am I missing something?
Some of the companies that pay the most are the same ones doing the layoffs, like Google.
Trading up for money could add extra risk exposure to layoffs.
But if every job change is seen as a pay raise opportunity, I guess layoffs are speeding the process along for you.
AFAICT, lay-offs are pretty widespread. Sometimes the bigger employers just give the smaller ones “permission” first.
I haven’t heard of any smaller companies in my network doing layoffs, but I’m sure there are some out there.