employees of the biggest corporations, whose jobs everyone had considered the most secure, were now too frightened of being jettisoned from those jobs to push hard for more pay or better working conditions. Those data and their implications must’ve slipped Greenspan’s mind later when he found it “difficult to judge” the effects of insecurity on workers’ leverage and pay. And he never mentioned, of course, that it was he and his confederates on the right who’d spent the last decades restructuring our political economy to reduce the power of workers and increase their job insecurity.
