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Occasional Paper 145
Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130
The number of layoffs and the amount of downsizing in corporate America are both happening at unprecedented rates. Firing workers has falsely become the ultimate management tool to success. The old social contract of work in exchange for fair pay and some measure of job security is deteriorating. Accordingly, this paper introduces a new social order that replaces paternalism with partnership, views employees as value-adding resources, and focuses both employers and employees on meeting the customers' needs and desires.
Downsizing, Layoffs, Social Order, American Workplace, Employee Relations
Economics | Public Policy
Weidenbaum, Murray L., "How to Restore Employee Trust in Management: A New Social Contract for the American Workplace", Occasional Paper 145, 1994, doi:10.7936/K79Z9327.
Murray Weidenbaum Publications, http://openscholarship.wustl.edu/mlw_papers/134.