It's not uncommon for those in petty positions of power to vastly overestimate the reach of that power. Whatever the words of the message, the point this manager is trying to convey is clear: we know that you need us more than we need you, so we're going to see how far we can manipulate the conditions of your employment in our favor and you're just going to have to deal with it.
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Often, in these situations, they may be right, and workers may be forced to stay on, begrudgingly working to the new lows that have been set to take advantage of their desperation. But, sometimes, it happens that they have vastly overestimated the control they hold, and the bounds of that power are far closer than they've anticipated. Sometimes, they just push things too far, and workers no longer care that they need a job—just as long as they're not working here. At this breaking point, it takes one worker pushing that first domino to trigger a mass resignation that puts their operations at a standstill.
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