Sociologist: Job Insecurity Is the New Normal

Mr.Intel writes: Allison Pugh, professor of Sociology at University of Virginia, and author of The Tumbleweed Society: Working and Caring in an Age of Insecurity, says workers in the U.S. are caught up in a "one-way honor system," in which workers are beholden to employers. She says that the golden era when Americans could get a job, keep it, and expect to retire with an adequate pension are over. JP Morgan Chase has cut 20,000 from its workforce in the past 5 years, last year HP cut 34,000 jobs, and many others have announced layoffs. In this interview Pugh talks about the social effects of this "insecurity culture."