Shaping the Future of Work: MIT Sloan Professor’s new book lays out a comprehensive strategy to change the course of the country’s economy and employment system
CAMBRIDGE, Mass., December 8, 2015 –What can replace
the long-term economic security that, for many Americans, used to come along
with employment? How out-of-date are current employment policies? Can American businesses
hope to compete against lower-wage competitors from around the globe? Where
will the funds needed to train a 21st century workforce come from?
And if not within a traditional labor movement, where will the next generation
of workers organize to create and maintain a next-generation social contract?
Shaping the Future of Work: What Future
Worker, Business, Government, and Education Leaders Need To Do For All To
Prosper (Business Expert Press / December 7, 2015),Thomas Kochan taps into 40 years of experience gained as a
professor at MIT’s Sloan School of Management and from serving on the front
lines of labor-management negotiations to answer these and other weighty
questions. He further culls ideas and solutions from his direct engagement with
next generation workers who participated in an MIT online course devoted to the
future of work.
passion and empirical research, Kochan lays out a comprehensive strategy to change
the course the American economy and employment system has been taking over the
past 30 years with the goal of creating more productive businesses that provide
good jobs and careers and, by doing so, results in a more inclusive economy and
broadly shared prosperity.
Shaping the Future of Work reviews what
worked well for average American workers, families, and the economy during the
era of the post-World War II Social Contract, why that contract broke down, and
how, with multiple stakeholders, a new social contract suitable to today's
economy and workforce can be forged.
spotlights the dramatic struggle for control of Massachusetts grocery chain
Market Basket in which a broad coalition of workers and customers united to
ultimately save a business from short-sighted shareowners hoping to extract
more cash for their pockets. He digs
further into GM’s bold experiment into new models of labor-management relations
with the Saturn Corporation with an eye on what worked, what didn’t, and why.
Walmart and Costco, meanwhile, illustrate the differences between what he cites
as low-road and high-road business strategies. But although Costco demonstrates
that a company can treat its employees well and still achieve world-class
productivity, Kochan looks at why more companies don’t follow suit.
Shaping the Future of Work shows that it
takes a good sense of history, clear strategic vision, and, perhaps most of all,
individual and collective action to propose a path forward, one that is
informed but not trapped by what worked in the past.
About the Author
A. Kochan, is the George M. Bunker Professor of Work and Employment Relations
at MIT’s Sloan School of Management and co-director of the MIT Institute for
Work and Employment Research. From 2009 to 2011, he served as Chair of the MIT
Faculty. In 2010, Kochan led the formation of the Employment Policy Research
Network, an online think tank on the subject of employment. In 2015, he was
honored by the Aspen Institute with a Faculty Pioneer Lifetime Achievement
Award for his research and teaching on business practices that contribute to an
economy that works for all.
is the author of Restoring the American
Dream: A Working Families' Agenda for America, and the co-author of
numerous books including An Introduction
to Collective Bargaining & Industrial Relations, Labor Relations in a Globalizing World, and Employment Relations in a Changing World Economy. He holds a BBA in
Personnel Management and an MS and a PhD in Industrial Relations from the University
About the MIT
Sloan School of Management
MIT Sloan School of Management is where smart, independent leaders come
together to solve problems, create new organizations, and improve the world.
Learn more at mitsloan.mit.edu