This book investigates the paradox of modern American labor relations, where firms simultaneously demand increased worker commitment while implementing widespread layoffs to reduce costs. Paul Osterman, a professor of human resources and management, utilizes economic data and organizational analysis to construct a theory explaining these contradictory corporate behaviors. He argues that the shift in industrial strategy necessitates a fundamental restructuring of public policy to better support displaced workers in an increasingly volatile job market.

Experts recognize this work as a significant contribution to the study of labor economics and industrial relations. Readers frequently note the academic density of the prose, which provides a rigorous examination of the structural changes affecting the American workforce.