Both parties have supported Fed leadership that relied on worker insecurity to keep people in their jobs:

https://www.nytimes.com/1997/02/27/business/job-insecurity-o...

America does not have a stories history of being labor friendly. It’s pretty much old European pissing competitions imported anew after WW2. Identity which the country had begun to schlep off between the Gilded Age and WW1. Refugees brought it back over.

The best part of all this is Adam Smith only ever mentions markets in the context of a free labor market, buoyed by government support of equality of condition.

But Smith and Aristotle, who wrote Democracy is likely the most moral government, are cast aside for James Madison who wrote the Senate ought to protect the rich from Democracy or the people will take all the aristocrats stuff.

This is all 2,000+ years old rhetoric. Human biology hasn’t evolved so fast in that time that such concerns of the past are rendered obsolete.