(where one-on-one means one worker's relationship to a chain of command, a department for compensation & benefits, ownership, board, and a network of investors & advisors coordinating on compensation, hiring practices, regulatory politics at a national level)
– Henry Ford, Ford Motor Company
Its what an economic slowdown outside of AI gets us, mostly, but yes, unbridled capitalism (with, among other things, neither unionization in the industry under consideration nor strong public protection of labor rights) magnifies that (it also, to be fair, magnifies the upswing in employment on the upward side of the business cycle, but, it also magnifies the adverse consequences of unemployment on either side.)