New America Nyc

Today, almost half of the American workforce earns less than $15 per hour and a third of working-age men are either unemployed or unable to keep a family of four out of poverty. Few have sufficient savings to retire with, while businesses continue to push healthcare and other social safety costs onto their employees. Yet American companies are far from struggling. Is the contract between employee and employer broken? In his new book, The End of Loyalty, Rick Wartzman chronicles the erosion of the relationship between American companies and their workers through the histories of four major American employers — General Motors, General Electric, Kodak, and Coca-Cola. Wartzman argues that big businesses once took responsibility for providing their workers and retirees with an array of social benefits, but in a twenty-first century economy turbocharged by the pace of technology, access to a good, stable job no longer guarantees access to the American Dream. The cause, he says, is clear: the American workforce cann