The real question is: is there a market for privacy-respecting tech services (think Apple's new stance on E2E privacy or laptops like Purism), such that consumers themselves can vote with their own dollars? The best way to protect and re-establish the right to personal privacy is through market demand, not legislation.
This will force companies to hire more employees, true, but at the cost of a much smaller overall workforce. Remember that cost is a constraint for businesses.
Depends what is more valuable from a human + capitalism perspective, fewer work opportunities that pay better or more competition and “starter/flexible” work overall.