^This a thousand times over. The workers' benefits we enjoy today in Europe like 8 hour workdays, minimum 20 days vacation, paid sick leave, free healthcare, pensions, unemployment benefits, etc. were due to the communist movements sweeping Europe after WW2 which governments and industrialists fought hard to suppress so they had to give concessions to the workers in order to keep their business afloat and prevent them from rioting/striking.
But, the collective labor pushback has stopped since the great offshoring took over in the last 30 years thanks to globalization, and various labor unions lost their power as the great industrialists moved the labor intensive jobs overseas where they could easily enforce their 19-th century norms and environmentally damaging practices and make killer profits, which in term bought them more lobbying power and political influence back home to push for lax immigration and lax trade policies with oppressive regimes, to further water down local wages and working conditions to "increase economic competitiveness" with those oppressive regimes.
Now we're slowly moving back to longer working hours and worse working conditions, but not by force like in the past, but by making housing and living so insanely expensive and getting a job so competitive, that the only chance people have is to willingly sacrifice the quality of life to get a head start in the rat race over everyone else, unless they were lucky enough to inherit some generational wealth that has appreciated, like a house.
Couple this with economic policies where at every crisis or dip in the economy, the well off, asset holder and big companies get further boosted up and amass even more wealth, while the lesser well off and small business go bust and end up worse off and pushed "further back on the monopoly board".