People's beliefs about the future affect their consumption and wage bargaining.

人们对未来的信念会影响他们的消费和工资谈判。

So that probably has eroded the wage bargaining power of the loyal worker that doesn't hop around as much.

因此，这可能已经侵蚀了忠诚工人的工资议价能力，他们不会那么多地跳来跳去。