Lol. When I first came to the US I was amazed how backward it was compared to the EU. You still used checks. I had to carry a fucking pen to buy things. Cell phones? Lol no. We're all using phones literally in the Matrix movie, and what did the US have? Nada. You are funny. Let me guess, the USA is #1 in education, #1 in health outcomes? What is the USA #1 in? #1 in dumping toxic waste into the watertable, I think, is that the innovation you're talking about?
Please look to the EU and their --ZERO-- level of tech innovation and how their anti-business regulations have worked out.
Question - if you think layoffs during high profit times are bad/immoral, then should employees also accept pay cuts when profits are low?
Didn't think so. Think about that "power" dynamic you keep talking about.