Comment by Apocryphon

Yeah, there's certainly been a steady erosion of labor benefits in the postwar. To dial back my own great man theory a bit, Welch was active in the '80s when Reagan and Thatcher were in power, and those "great men" were also operating in a milieu where the Chicago Boys were very influential, and they had the political mandate to institute management-favoring policies thanks to economic crises of the '70s.