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Employer-employee loyalties have also disintegrated during that same time period. I phrase it that way specifically because it is a two-way street, and I haven'

Employer-employee loyalties have also disintegrated during that same time period. I phrase it that way specifically because it is a two-way street, and I haven't done the research to know exactly how it broke down. As an employee, who stay with a company that doesn't invest in my future? As an employer, why invest in an employee that's just going to leave at the first higher offer? Lack of trust and loyalty is a self-reinforcing pattern that must be broken by someone taking the first step, knowing that they might get burned.

jazzyk 11y ago
Agree. But I don't think that mutual lack of trust between employers and employees can be fixed, primarily for one reason - executive compensation (which has multiple repercussions): Many executives are incentivized to maximize short-term "results" at the cost of long term strategy. Once the reality bites (stock is falling, due to lower revenues, due to outdated products), they quickly come up with a "turnaround plan". The stress is on "quickly", so there is no time to re-train existing workforce, which is fired and new people with required skills come in (at a huge price of recruiting costs, ramp-up time, etc). Executive compensation should not be tied so much to the stock price, as it leads to pump-and-dump tactics, killing companies in the long term and doing a lot of harm to employer-employee relations as well.