Agree with all that. I disagree only that demand for labor has decreased, and near-full employment is my evidence for that. Many jobs are shitty, but someone is demanding the labor.
Well, I guess what I am trying to say is that more people are asked to do work, but less work, and paid less for it too, adjusted for inflation.
Gig economy and short stints at jobs are an example of how little employers really value their labor force, as opposed to the “company man” who worked for decades and got a pension.
