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Publication Date

11-1-1994

Series Information

Occasional Paper 145

Publisher

Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130

Description

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.

Keywords

Downsizing, Layoffs, Social Order, American Workplace, Employee Relations

Disciplines

Economics | Public Policy

Comments

The Center for the Study of American Business (CSAB), 1975-2001, is the predecessor of the Weidenbaum Center on the Economy, Government, and Public Policy at Washington University in St. Louis.

Permanent URL: http://dx.doi/org/10.7936/K79Z9327

DOI

doi:10.7936/K79Z9327

How to Restore Employee Trust in Management: A New Social Contract for the American Workplace

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