Everyone is equal, just some are more equal than others. It benefits people who are highly skilled, clever, healthy, wealthy, young, with market-desirable skills in a market-desirable area, with no external family or life problems or responsibilities, and those who own and run companies, more than 95% of everyone else.

> "where I can be laid off with zero notice (and I have been a couple times). This makes it faster and easier to find a new job."

I don't see that follows; jobs can have probationary periods where employers can reject new hires quickly, while still having notice periods.