I do wonder if the greater ubiquity of remote work will change this at all. In the past, finding a new job meant limiting your search to companies within a reasonable commuting distance, or moving far away. Now, you can choose from thousands of companies anywhere in the country, or even in other countries. That, plus the increasing realization in the workforce that loyalty to a company isn't worth shit, may make people much more motivated to leave shitty jobs or jobs that don't pay well enough. It might end up changing the math for the companies regarding paying more to retain good employees.