Markets today are much more competitive and more easily disrupted than they were sixty years ago, which has rendered long-term, stable employment a distant memory. Globalization, the rise of the Internet, and the commoditization of software put an end to Industry 2.0 of the mid-twentieth century. In this framework, an employee would join a company at a young age, climb up the corporate ladder through promotions, and gracefully graduate in his sixties. The employers would invest in their workforce and guarantee them lifetime employment in return for loyalty from the workforce. That stability and ever-rising living standards, which at the time looked like they would go on forever, required a new bargain between the employers and the workforce. was transformed by the development of suburbs, middle-class access to TVs and cars, and the beginning of consumerism. Having emerged victorious from the bloodbath that was World War II with a booming economy, life in the U.S. The 1950s and 1960s were the golden age of American capitalism.

'The Alliance' by Reid Hoffman, Ben Casnocha, and Chris Yeh 🔗

Reid hoffman book