(Haven't had time to follow the thread so no doubt this is repetitive:)
Two trade unions I worked for during the late 1980s, HERE and (what was then) ACTWU, argued that Milken was responsible for a) massive debt loads on his junk-bond projects (in HERE's case, LasVegas casinos) which meant interest repayments crowded out wage payments; and b) stripped assets in the textile industry like a madman, including closing the pension fund down early to rip off the surplus.
The only way to get at him, in fact, was to bust off on his bankers: Continental Illinois (which is why we won the first-ever anti-redlining CRA challenge against a US bank before the Fed) and Beverly Hills S&Ls. Out of three hits, I vaguely recall, he called chicken twice.