“People seem to have forgotten how crazy 1998 and 1999 were. My recollection is that people at that time expected to work for two years and then retire! The market was unbalanced in favor of employees to a degree that was unhealthy, because businesses were constantly confronted with unpredictable escalations in salaries, unexpected losses of key staff, uncontrollably high turnover. There was so much chaos in the job market that businesses had difficulty finding time to actually focus on their business.