I mean, I have talked with a number of people who know that there are people they work with that are little more than “warm bodies” and get by doing as little as possible while dumping everything they can on someone else. They stay employed because “at least they do something” and there is no one else to do it. Before I get a “low pay” response, these are working professionals and paid accordingly.
It is also a well know economics trend (Phillips curve) that states as unemployed falls, inflation rises. Most countries are underemployed, and it is driving inflation.
Unless he is saying all workers are arrogant and entitled, in which case fuck him.