Wealth Shift: The Decline of Ethics in America
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Baby Boomer Era Work Contract (Mid-1970’s to Mid-1990’s)

I, (fill in your name), agree to work for (fill in Company name). While I would very much like this job to last for a while, I realize that I will probably only be here 5-7 years before moving on to greener pastures due to my perception of the limited upward mobility within the Company. I promise to work, on average, 50-60 hours per week, but, since my spouse also works, I am going to need more personal time than my father did to help raise my children. While I am at work, I promise to do my very best for the Company. I realize that doing so will be in my own best interest as it will help to build my resumé. I may occasionally use Company time and Company assets for my own personal benefit, but I promise not to make a habit of it. I will also do my best to leave my personal life at home, however, when situations arise that require my immediate attention I will expect the Company not to object if I take a small amount of time away from work to handle them. While I intend to be friendly towards my co-workers, I actually see them mostly as “the competition” and don’t plan to socialize with them too much outside of office hours. For the most part, I would prefer to just get in, get it done, and get out, so I can have more time at home with my family. I understand that there may be consequences associated with trying to set boundaries between my personal and professional life. I understand the Company will often push my limits and I will end up working far more than I had originally intended, since the Company is under a lot of pressure from shareholders to cut back on expenses and bring more revenue to the bottom line. I acknowledge that most of these cuts will affect me, but I won’t make waves about them because I know: a) it won’t do me any good, and b) it would have an adverse impact on my reputation as a “team player”. Because I am a “team player”, I would like to be considered for promotion within the Company, however, I am not so idealistic as to believe that the Company will automatically promote from within instead of hiring from outside. Still, if I feel I should have been promoted over a complete unknown, I may feel resentful and decide to quit and go to work for myself or one of the Company’s competitors. I have read fully the Company’s fifty-page Policies and Procedures Manual and understand the Company’s rules regarding things like vacation days, sick days, expense reporting, and the like. I have also been made aware of the terms of the Company’s medical plan and understand its limitations as to coverage. I am aware that the Company has recently made a transition from a pension plan to a 401(k), and that I will need to set up a payroll deduction to make my share of the contributions in order to be entitled to receive a Company “match”. I also understand that if I leave the Company prior to my “vesting” date, I will lose all or part of that “match”. I understand that it is my responsibility, and my responsibility alone, to make sure that I save enough for my retirement and for the insurance needs of my family should I become disabled or die prematurely.


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