Yah, but you keep talking as if you were in the stone ages of business when you put the whip on workers and forced them to work while starving in your factory... Today it's not the same, at least not in the West. That may happen though, unfortunately, in places like China. Business has evolved and changed. — Agustino
Of course I am aware that industry and business has changed. Only 9% of American workers labor in factories. Larger percentages work in transportation, warehousing, wholesale, and retail of physical products. Service work employs the bulk of the remainder in a wide variety of fields, everything from bio-molecular research to fabric design to night watchmen. You are a service worker, albeit self-employed. There are also a large number of people engaged in entrepreneurial work, mostly providing one kind of service or another.
The nature of business, however, has not changed since the stone age. Whether a product is being made or a service being performed, the object is to add value through labor (in your case, typing furiously away on your computer). When hired help perform service labor, the value they receive in pay for their work must be considerably exceeded by the value of the services sold. If it isn't considerably exceeded, then either no profit is produced, or not enough profit is produced to satisfy the desires of the proprietor. So whether one is talking about workers in an early 19th century cotton mill or workers writing code for a killer iPhone app, it's pretty much all the same.
Your POV of business is from the proprietors' side. My POV is from the workers side. I could enthuse about the glories of free enterprise from your POV, but you are already doing that. NO NEED further adulation.
The situation of labor--excluding elite laborers in academic institutions, industrial research, civil service, the arts, entertainment, and such--is not great. I'll speak only for the US situation. Here there has been a continual slide of income and purchasing power since the 1970s. It has gradual, rather than precipitous. The "good times" of the post-WWII economic boom ended in the 1970s, It isn't that people were suddenly reduced to begging on the streets, such as happened in the Great Depression. Rather, the average worker's standard of living has been ratcheted down, notch by notch.
The reason people have not experienced worse consequences is that workers have greatly increased the number of hours worked. First spouses (e.g., women) started working part-time jobs to supplement household income. Then these spouses started looking for full time jobs. The previous full-time male started adding small part-time jobs. sometimes older children also started taking jobs (like 15-17 year olds)--and not stuff like mowing lawns.
The increased labor helped a great deal. Another approach that households have used to hold on to the standard of living that they previously had, or if younger--think they should have--is credit card debt. Buy it now! Don't save up for some decent furniture; the replacement car; the replacement or new whatever -- buy it on credit. This works quite well, as long as one limits credit use and pays it off as quickly as possible. That's not usually what happens.
Home equity loans are another approach that many workers have employed to hold on to what they felt to be reasonable expectation. Their house needed work (normal wear and tear, added children, relatives moving in, etc.). The quickest and supposedly least risky way to obtain the funds was through a home equity loan: You have, say, $40,000 in equity. You might borrow $30,000 against that. It's essentially a second mortgage. What often happens is that some of the money is spent on repairs (new roof, kitchen replacement) and then credit card debt is paid down. However, the kitchen product didn't get finished, and credit card debt starts recurring. Plus, there is the second mortgage to pay on.
At this point, any slippage in standard of living is likely to be permanent, because the options to stave it off have been used. All this has been going on since the 40+ year decline in income and living starts started. A substantial share of the working class has now been economically dried out. They don't have any more.
Some people, in the upper portion of the working class--the people who call themselves middle class--have had to do the same thing, except that their incomes are higher and generally they have not been drained of economic resources.
The uppermost portions of the working class, the actual petite and haute bourgeoisie, and the super rich have, of course, not experienced any losses at all. They have benefitted from the economic policies since the Reagan administration (1980-1988) and following that were intended to benefit them. People like you (not you, personally, of course) take well off people as the standard model, who if they need to work are often quite industrious, and say to the working class: "Well, if you were industrious, you too could be well off! All that you have to do is get off your fat asses and get to work."