As I have written before, during the Mad Men era a significant portion of employees spent their careers working for a single employer and retiring with gold watches and lifetime pensions. This isn’t to say that people didn’t lose their jobs – we still had a general doctrine of employment at will – it was more that decent performance in a stable company generally led to a lifetime with your employer. And employees responded to that sense of stability with a sense of trust in and commitment to their employer. (more…)