> The social contract between large companies and employees has been broken for years now. US companies are optimized for quarterly earnings, not long term investment in their employees.

Going to throw out another anecdote here. At a company that a number of my friends work for (a fortune 50), they are currently making record profits that they loudly brag about during employee townhalls. They also are in the process of gutting multiple departments as fast as possible with little regard for the long term consequences. This is not the only company that I know of acting in this way (acting like they're about to go bankrupt when in fact they are seeing record profits).

To me the societal risk is that an entire generation of employees becomes extremely jaded and unmotivated, and fairly so. We used to work under the assumption that if our company is successful, then the employees would be successful. Record profits == raises for all, bonuses for all. And while we know that that connection was never that strong, it was strong enough to let us at least pretend that it was a law of universe.

That fundamental social contract is now at its breaking point for so many workers. Who can really blame people for putting in minimal effort when they have so much evidence that it will not be rewarded?