I think there are a lot of contributing factors, not least of which is corporate greed. Shareholders demand ever-larger margins and ever-increasing growth, which leads companies to try to extract more value out of fewer employees for less money.

In a just economy, not every job would be able to support an entire household, but most jobs would, and stability, rather than growth, would be the primary corporate priority.

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If you're a shareholder watching stability would ever be boring.

"Exciting" isn't always the best for the common good, though.