I wrote about the share economy, where companies share their revenue with their employees. During recessions, their employees make less; but there are no layoffs.
NPR had a section today about manufacturers who produce high-tech goods and have highly skilled and trained work force, do not want to lose their loyal employees. Frank Koller wrote a book, Spark about no-layoff companies. Of course there are reasons that companies are reluctant to cut wages rather than lay people. Truman bowley discussed this many years ago in Why Wages don't fall during a Recession They are reason more than the inertia of organizing a busines s differently, or management taking on a different set of headaches, or even labor unions, as mentioned in the story.