I think that is definitely happening. However, if minimum wage ( or even just wages ) had kept up with inflation, the jobs number would look much weaker. People

I think that is definitely happening. However, if minimum wage ( or even just wages ) had kept up with inflation, the jobs number would look much weaker. People are getting exploited. As for tech, a lot of companies want everyone to be fungible for the cheapest price as you mentioned. It’s not a market where people feel safe to takes risks or innovate for someone else’s firm, considering there is no amount of loyalty that can keep you from getting laid off.