Shaping the Future of Work (15.662x)

2.1 What Made the Old Social Contract Work and Why did It Break Down?

• « What Made the Old Social Contract Work and Why did It Break Down?
• 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: The Post-War Social Contract

There are conspicuous challenges for today’s economy but, in some ways, we’ve actually been here before! As we stressed last week, it helps to take a historical perspective in order to understand the current state of the economy and the challenges that we collectively face. In the video below, Professor Kochan examines a series of historical events, including rising wealth inequality in the 1920s and the Great Depression, that remain highly relevant today.

Video: The New Deal at Work

Attentiveness Question 1

 Michael Thompson  close

 Marie Curie  close

 Frances Perkins  check

 Carrie Lynchpin  close

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Attentiveness Question 2

 Unemployment Insurance  close

 Fair Labor Standards Act  close

 Capital Gains Taxation  check

 Social Security  close

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Attentiveness Question 3

 Secured paid maternity leave for women in the workforce.  close

 Established a minimum wage.  close

 Provided temporary assistance for workers who become unemployed.  close

 Promised workers the right to organize into unions.  check

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