The result being a steady decline to the bottom for workers wages and conditions while wealth continues to concentrate at the top of the economic food chain.
It's all about supply and demand.
Those who are in oversupply experience decreasing value.
more easily replaceable = lower value = lower income.
Not ALL workers are declining. Only those whose VALUE is declining experience the declining incomes. Some workers, the ones more valuable, experience higher incomes to reflect their increasing value.
However, there are a few workers who manage to keep pace even though their value is declining. I.e., the ones who
WHINE extra loud might succeed in getting paid more than they're worth, one way or another, in which case it's always at the expense of consumers and taxpayers who have to pay the cost for this extra subsidy to them to appease their
WHINING.