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The End of Loyalty: The Rise and Fall of Good Jobs in America

von Rick Wartzman

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462556,855 (3)10
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 1950s and 1960s; the turbulent years of the 1970s and 1980s; 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.… (mehr)
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    The Three Worlds of Welfare Capitalism von Gøsta Esping-Andersen (2wonderY)
    2wonderY: This 1990 book categorizes three different traditions of welfare provision. These classifications remain the most commonly used in distinguishing types of modern welfare states, and offer a solid starting point in such analysis.
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The book's focus is on how General Motors, General Electric, Kodak and Coca Cola handled employee relations and hiring from the 1920's to today. What interests me were the stories of the impact on employees, particularly with those of long tenure, when the company let them go. (e.g. An IBM employee received a termination letter describing him as a "surplus employee.") There is also an eye opening chapter on how Walmart treats their employees. (To be charitable it can be described as poorly and cheaply.)

This is a well researched book and should be required reading for those college students studying business or those interested in a career in management. ( )
  writemoves | Jun 17, 2019 |
I'm so impressed by it's treatment of 'welfare capitalism' that I'm ordering the print book so as to be able to pay more attention. He calls the modern corporate focus solely on investor benefits, to the detriment of employee benefits, a perversion.

Wartzman begins by examining The Committee for Economic Development (CED) established during World War II to consider a healthy transition back to a civilian economy. He particularly examined the corporate philosophies of Eastman Kodak, GM, GE, and Coca Cola. These leaders recognized the importance of sharing company gains with their workforce.

He calls for a re-examination and re-alignment in today's boardrooms.
  2wonderY | May 7, 2019 |
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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 1950s and 1960s; the turbulent years of the 1970s and 1980s; 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.

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