It seems to me that such “unhealthiness” is pretty normal for labor and property markets: when I read books from different countries and time periods, the fear of losing one’s job and home is a very common theme. Things were easier in some times and places, but these were rare.
So it might make more sense to focus on reasons for “unhealthiness” that apply generally. Overregulation can be the culprit in today’s US, but I don’t see it applying equally to India in the 1980s, Turkey in the 1920s, or England in the early 1800s (these are the settings of some books on my shelf whose protagonists had very precarious jobs and housing). And even if you defeat overregulation, the more general underlying reasons might still remain.
What are these general reasons? In the previous comment I said “exploitation”, but a more neutral way of putting it is that markets don’t always protect one particular side. Markets are two-sided: there’s no law of economics saying a healthy labor market must be a seller’s market, while housing must be a buyer’s market. Things could just as easily go the other way. So if we want to make the masses less threatened, it’s not enough to make markets more healthy overall; we need to empower the masses’ side of the market in particular.
It seems to me that such “unhealthiness” is pretty normal for labor and property markets: when I read books from different countries and time periods, the fear of losing one’s job and home is a very common theme. Things were easier in some times and places, but these were rare.
So it might make more sense to focus on reasons for “unhealthiness” that apply generally. Overregulation can be the culprit in today’s US, but I don’t see it applying equally to India in the 1980s, Turkey in the 1920s, or England in the early 1800s (these are the settings of some books on my shelf whose protagonists had very precarious jobs and housing). And even if you defeat overregulation, the more general underlying reasons might still remain.
What are these general reasons? In the previous comment I said “exploitation”, but a more neutral way of putting it is that markets don’t always protect one particular side. Markets are two-sided: there’s no law of economics saying a healthy labor market must be a seller’s market, while housing must be a buyer’s market. Things could just as easily go the other way. So if we want to make the masses less threatened, it’s not enough to make markets more healthy overall; we need to empower the masses’ side of the market in particular.