Is the threat of financial ruin or the threat of starving worth the advantage that you yourself are getting?
Inside the current "free market" do you really have the agency, choice or leverage to choose a different economic relationship with your employer if you would want one?
False dichotomy. There are a myriad of options between the status quo and transitioning to a Southern European-style employment model.
> Inside the current "free market" do you really have the agency, choice or leverage to choose a different economic relationship with your employer if you would want one?
The solution isn't in making the current economy sclerotic, but in better distributing its gains. Destroying the gains just makes everyone poorer. And when that happens, empirically, inequality goes up, not down.