The End of Loyalty

The End of Loyalty

The Rise and Fall of Good Jobs in America

Book - 2017
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Having a good, stable job used to be the bedrock of the American Dream. Not anymore.
In this richly detailed and eye-opening book, Rick Wartzman chronicles the erosion of the relationship between American companies and their workers. Through the stories of four major employers--General Motors, General Electric, Kodak, and Coca-Cola--he shows how big businesses once took responsibility for providing their workers and retirees with an array of social benefits. At the height of the post-World War II economy, these companies also believed that worker pay needed to be kept high in order to preserve morale and keep the economy humming. Productivity boomed.
But the corporate social contract didn't last. By tracing the ups and downs of these four corporate icons over seventy years, Wartzman illustrates just how much has been lost: job security and steadily rising pay, guaranteed pensions, robust health benefits, and much more. Charting the Golden Age of the '50s and '60s; the turbulent years of the '70s and '80s; and the growth of downsizing, outsourcing, and instability in the modern era, Wartzman's narrative is a biography of the American Dream gone sideways.
Deeply researched and compelling, The End of Loyalty will make you rethink how Americans can begin to resurrect the middle class.
Finalist for the Los Angeles Times book prize in current interest A best business book of the year in economics, Strategy+Business
Publisher: New York : PublicAffairs, [2017]
Characteristics: vii, 418 pages : illustrations ; 25 cm
Edition: First edition
ISBN: 9781586489144 (hardcover)
Call Number: 331.700973 WARTZMAN


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Sep 19, 2017

A very even handed look at the employee/employer relationship from WW2 on. After the war, some enlightened business men saw a greater good in providing good jobs with a fair income. They also saw that offering employees a fair deal kept the government at bay and kept labor peace.

As time went on and the low hanging economic gains came and went, the innate greed of the corporations manifested itself. Capitalism must always have more and more. Eventually, much of the gains came by shortchanging workers. No real solutions are offered but, the book is eye opening about the true nature of business.


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