Is Gen Y Loyal to Employers?

NEW YORK (MainStreet)—Do 20- and 30-somethings prefer a womb-to-tomb quasi-communist corporate culture like Japan, or do they prefer a less secure, more competitive, corporate culture of modern America?

There was a time when Americans worked for a company for decades. Some people would begin working for a company at the age of 18, and by the time they retired 40 years later, they were still working for the same company. Indeed, many people often marked golden anniversaries with the same company.

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The bond between worker and owner or manager was strong. Just as strong was the bond between worker and union. Even union and companies worked towards a common goal. Both management and labor took satisfaction by producing a quality product or service.

But somewhere along the line things changed. Companies moved, sold out to new owners or were acquired by larger companies, and the bond between employee and employer weakened. No longer did the employee expect loyalty from a company; no longer were companies loyal to their workers.

Now these are generalizations to be sure. Not every company was loyal to their workers. Not every worker was loyal to their company. There were exploitations on both sides. But as a general rule this relationship existed.

But this seems not to be the case today. Do the young people of today those in their 20s and 30s–in other words, Generation Y-feel an obligation to their employer? Do they feel the employer is obligated to them? Or is there no expectation of loyalty by either employer or employee now?

Does Generation Y prefer that there is no loyalty? Do they prefer that their relationship with their employer is an every-one-for-themselves model? Would they rather have the parental nature of the Japanese labor model instead of capitalistic Darwinism?