A list of reasons I consider plausible from the comments, plus my thoughts on them:
[An employee loses more by quitting (entire wage for living!) than the employee loses by firing (one employee out of many).]
-But also doesn't seem to be the case for very high-paid fields.
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One thing I don't fully understand is why the equilibrium for the demand/supply of labor is not enough to live on. Why does the hiring party get to be more picky (and thus pay less) among potential employees, while employees get to be much less picky in their job? Some theories:
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