Greenspan, in his testimony, then suggests technological change and international competition as possible reasons for worker insecurity, before noting that "sup

Greenspan, in his testimony, then suggests technological change and international competition as possible reasons for worker insecurity, before noting that "suppressed wage cost growth as a consequence of job insecurity can be carried only so far. At some point, the tradeoff of subdued wage growth for job security has to come to an end. In other words, the relatively modest wage gains we have experienced are a temporary rather than a lasting phenomenon because there is a limit to the value of additional job security people are willing to acquire in exchange for lesser increases in living standards. https://www.politifact.com/truth-o-meter/statements/2014/jul/21/facebook-posts/social-media-meme-says-alan-greenspan-said-insecur/ https://www.politifact.com/truth-o-meter/statements/2014/jul...