I wonder if we'll see the work situation improve in our
lifetime! 
Highly unlikely though. Previously, there was this 'iron rice bowl'
concept. Now, even in the civil service, there's no longer such a
perk.
And it's no secret that firms will not hesitate to 'downsize' in a
recession.
They pay you a crushed peanut bit, work you to death, expect you to
bleed dry for them, and in return, there's might not even be
monetary compensation fitting for the work you've put in!
In a way, it's a sort of abuse! But when the abuse is so rampant
that it becomes the 'norm', what other choice do we really have?

Ah well, let's hold on tight to our belts and wait for the chaps in
the US to come up with some new industrial reform / revolution
that's more family-friendly and individual-friendly, like they did
in the 90's, and hopefully, Consultants here will then get the hang
of these buzzwords, and help sell the concept to employers here!

OK, everyone... keep your fingers crossed!! 