Yeah the stability thing is huge. Businesses and workers are at complete odds on this, because workers want to have a steady income and stop worrying about it,

Yeah the stability thing is huge. Businesses and workers are at complete odds on this, because workers want to have a steady income and stop worrying about it, while businesses want the ability to adjust their labor costs on the fly. Workers have caught onto the game now, though, and are taking the same mercenary approach that businesses do. What I think we're living through is the natural end result of that process: incredible short-termism, catastrophic loss of institutional knowledge, social instability due to a pervasive sense of insecurity and worthlessness/lack of social bonds. This is what happens when your economic theories abstract away everything about human beings except their desire to maximize utils.