Things will not change until the company is left with no option. If this doesn't increase the attrition rate then look for the same or less next year. And next and next... Supply and demand is the only equation that will affect our 'value'.
Employees are not 'valued' in any other way than as another piece of hardware to be used to the maximum for the least cost. Respect, appreciation etc are not considerations.
My future has greater clarity today than yesterday.