This is true to an extent...but most people with a job are not looking to get fired while most employers are looking to cut costs, and from my experience most employers are just fine to spend 3 months looking for a replacement, only to pay them more(this is bewildering to me). In my opinion this kind of 'war of attrition' hurts both sides and is a sub-optimal option.
Information is missing on both sides.
Contracts are open with all Information available. To that route if you're wanting to make more than the W2