- <Video: The New Deal at Work
- 2.1.1Video: Week 2 Introduction
- 2.1.2Video: The New Deal at Work
- 2.1.3Video: The Post-War Social Contract
- 2.1.4Video: PDC: Early Childhood Education for All
- 2.1.5Video: Social Contracts, Past and Present
- 2.1.6Video: Careers and Competencies with Professor Lee Dyer
- \>Video: PDC: Early Childhood Education for All
Wages and productivity rose in tandem during the post WWII period, resulting in strong businesses and a high standard of living for many Americans. Professor Kochan introduced this so called “Post-War Social Contract” at the end of last week. Why did it work so well for so many? He elaborates on this history, and what it means for our future, in the video below.
Video: The Post War Social Contract
Attentiveness Question
According to the video you just watched, what factors made the “social contract” work? For this question, you may select multiple choices:
Exercise 1
Pent up demand for new homes and consumer goods
High pay disparities between management and workers
Government spending on infrastructure, including roads
Pattern bargaining and wage norms
Strong pay incentives that encouraged workers to work harder
CheckShow Answer