Restructuring a business so that less labor is necessary seems like a more common activity than changing hiring practices so as to successfully lure workers back in. I hear about the former all the time, and I can't recall a single instance of hearing about the latter, have you?

If companies hiring employees at a lower wage than they used to pay is an example of this, then yes.
If not, then I'm very confused.

In any case, I think I misunderstood your initial point and my confusion is entirely tangential to your actual point.
Thanks for your clarification.