The changing social contract in American business

Daniel Quinn Mills

European Management Journal, 1996, vol. 14, issue 5, 451-456

Abstract: Against the background of comparatively low unemployment compared with Europe, Daniel Quinn Mills examines the flexible labor market in the United States. In particular, he tries to answer questions like - What has happened to the social contract between employer and employee in America in the last decade? What does this mean to people's careers, and what are the implications for managers in their efforts to motivate workers? More generally, the author considers the human and social consequences of the end of employment security, and the emergence of a risky labor market in which each person is responsible for herself or himself. The impact of a fluid job marketplace on careers is profound, and European managers can learn from American-style labor market as they themselves move towards adopting this model.

Date: 1996
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