Some random thoughts…
How do you quantify a human’s ability to create? To Innovate? Within the framework of employment, how does the neoclassical view account for this value?
If I were a manager with a neoclassical economic view, I would probably analyze the marginal costs and benefits of laying one employee off. I would do the same with a varying number just the same.
The Library of Economics & Liberty mentions that, “a theory that explains the layoff decision by the changing tastes of managers for employees with particular characteristics will not be a neoclassical theory”.