Austerity benefits companies that need interchangeable low-training expendable workers, because it makes those workers more desperate, so they're cheaper and more exploitable.
Social democracy benefits companies that need a supply of highly trained knowledge workers. Like, Google would prefer if they can work their engineers until they burn out, let them quit for a year and recover, then re-hire them. And not have to pay for the time it takes to recover.
Since so much of economic growth has been in tech, and so much of that has been companies like Amazon and Uber, you should expect more austerity-based policies.
Austerity benefits companies that need interchangeable low-training expendable workers, because it makes those workers more desperate, so they're cheaper and more exploitable.
Social democracy benefits companies that need a supply of highly trained knowledge workers. Like, Google would prefer if they can work their engineers until they burn out, let them quit for a year and recover, then re-hire them. And not have to pay for the time it takes to recover.
Since so much of economic growth has been in tech, and so much of that has been companies like Amazon and Uber, you should expect more austerity-based policies.