You people have some pretty weird ideas about how businesses work.
Yes businesses exist to make a profit. But you all seem to act as if they also exist to fuck over as many people as possible because they can.
Business create or shed jobs because they have a financial incentive to do so. The only jobs companies WANT to add are for people who generate revenue for the company. Salespeople. Business developers. People who bill hours to clients. Everyone else is just a cost center necessary to support the business.
Yes, companies will take a high unemployment rate into consideration when calculating wages. However, the most valueable empoyees - the ones who actually contribute to the growth of the business - are always in demand.
No, it means that companies are hesitant to hire because they don’t know how all the new regulations will affect their employee costs.