One particularly interesting part of the assigned chapters is when Friedman describes the topic of lifetime employment. He calls this the "fat that a flat world cannot sustain any longer."
The common thought in the world today is that the days of a person working for the same company for 30 years is over. No longer will a person be able to build up a pension and retire after a lifetime of devotion to a one specific company. The times have changed. There are employees who worked for GM for decades only to be laid off. What happens to their retirement account? Many of them are too old to find a new job so they are destined to finish their years working a medial job
Is this what should happen to those who have served a company for so many years? Friedman argues that what a person in this situation would need is portable benefits and lifelong learning. He would want every person to be open to a life of learning. This way if a person would lose his job, he might be able to procure some sort of new employment.
However, I wonder about this idea. For instance, if my life's work was suddenly ended, I am not sure that I would want to continue with a new career. Maybe this is the way that other people would feel. I am not saying that I am not open to learning; learning is a process that never ends. I had a teacher in high school who was in his 60's and he was still taking classes at a local college to further his knowledge. He is one of the most learned men I have ever known.
The portable benefits that Friedman speaks of try to solve the problem that I presented. With these benefits, a person's retirement account would move with him to each new job. This seems like a very good albeit, lofty, goal. This would allow a person to freely move between jobs if he feels he hit a "cul-de-sac" in his current job. This would also help improve the economy because people would be contributing their most efficient skills to the workforce.
My parents are from the generation that devoted their life to one career. My father performed his job for 30 years and my mother for 25. They had a retirement plan set up and were very pleased with their time working for the government.
My brother-in-law, however, is from a different time and currently works for a marketing firm. Since I have known him, he has held more jobs than I can count. He is routinely the victim of restructuring and companied being bought out. I do not think he has ever worked for the same company for more than 3 years. However, he is not bothered by this. He tells me it is the way his field operates. He said the days of my parents are over.