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

Sep 6, 2017

On this installment of ST, an interesting chat with Rick Wartzman, who is the director of the Moon Center for a Functioning Society at the Drucker Institute, which is a part of Claremont Graduate University. Wartzman also writes about work and working for Fortune Magazine's website, and he joins us to discuss his new book, "The End of Loyalty: The Rise and Fall of Good Jobs in America." This book, which Forbes called "a brilliant, rogue history of American business's transformation over the past 75 years," shows us how and why four major U.S. employers (General Motors, General Electric, Kodak, and Coca-Cola) used to actively take care of their employees in a way that is all but unheard of today. And further, per Kirkus Reviews: "[This is] a sharp-edged examination of why large American employers shifted from loyalty to their workers to loyalty focused primarily on stockholders. Through deep reporting and anecdotal storytelling, former Wall Street Journal and Los Angeles Times writer and editor Wartzman delineates the often shameful evolution of policies by concentrating on four of the biggest corporations in the world.... A lively history with relevance to every worker."