Jumping from one job to another has become endemic in the American economy. In 1980 the average U.S. manufacturing firm lost 4% of its workforce every month. What this means is analyzed by Lester C. Thurow, professor of economics and management at M.I. T. and a member of TIME'S Board of Economists:
How could anyone expect good teamwork, group loyalty or a common interest in raising firm productivity when almost half of the work force will either quit or be laid off within twelve months? Neither worker nor company has any interest in the economic success of the other. Workers, including managers,...
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