[TomMckenny]

>That's a pretty big claim you're making with nothing to back it up.

It includes the following assumptions:

Low unemployment causes upward wage pressure.

Organizations are aware of this.

Organizations cooperate politically to achieve their goals.

>In times of historically low unemployment, I hardly think the general populace is holding such terror.

Exactly. Lower unemployment increases confidence. (and reduced hours would lower unemployment)

Higher up in this thread is a suggestion that: 1) almost all productivity comes from a few workers and 2) it is impossible to reduce their work load and 3) employers retain low productivity workers for long hours to encourage them. All of these assumptions are highly dubious but the theory is popular because it appeals to comforting, entrenched ideas. Which is why no one notices that is a big claim with nothing backing it up.