The American dream used to be founded on the goal of finding a good, stable job in which an employee would spend the majority of their career — but this is no longer the norm. Over the last 70 years, the standard employer-employee relationship has drastically changed. Companies no longer offer the same level of job security, regular pay increases are no longer given out, guaranteed pensions are all but gone and robust health benefits and other social benefits are simply not part of the package anymore. This shift in the corporate social contract has taken a toll on loyalty seen on both sides of the table.

Senior advisor and former executive director at the Drucker Institute, Rick Wartzman, discusses his recent book "The End of Loyalty: The Rise and Fall of Good Jobs in America," which chronicles the erosion of the relationship between major American businesses and their workers. Have these new workplace practices decreased morale and productivity? How can America revitalize its middle class? What is the new American dream?

SPEAKER:

Rick Wartzman
Senior Advisor and Former Executive Director, The Drucker Institute

MODERATOR:

John Sepulvado
Host of The California Report, KQED Public Radio