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The Danger of Drifting.

Authors :
David, Donald K.
Source :
Harvard Business Review; Jan1950, Vol. 28 Issue 1, p25-32, 8p
Publication Year :
1950

Abstract

The article reports on the public's desire for economic security and a trend toward the welfare state and labor unions, which support state-guaranteed plans for security in the United States. Industrialization improved workers' quality of life, but automation diminished their sense of achievement in the work place. Business is concerned that a welfare state will lead to economic stagnation and reduced industrial productivity. A solution is government programs encouraging individual responsibility for self-sufficiency--not dependence on the state. Topics include the distinction between welfare society and welfare state, profit and loss economy, appropriate mix of "freedom from" and "freedom to" in a social movement, and management incentives to promote private initiative.

Details

Language :
English
ISSN :
00178012
Volume :
28
Issue :
1
Database :
Complementary Index
Journal :
Harvard Business Review
Publication Type :
Periodical
Accession number :
6775339