We discussed the new social contract in the class. We all agreed that the recent economic downturn has accelerated the erosion of the old social contract. Take each of these points and illustrate with practical examples as we talked in the class.

●● We can’t promise you a lifetime employment.

●● We can’t promise you how long we’ll be in business.

●● We can’t promise you that we won’t be acquired.

●● We can’t promise that there’ll be room for promotion.

●● We can’t promise that your job will exist when you reach retirement age.

●● We can’t promise that the money will be available for your pension.

●● We can’t expect your undying loyalty, and we aren’t even sure we want it.