Asked by Mindy Bounheuangvilay on Jul 20, 2024

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The short-term thinking and constant change that characterizes modern capitalism means that corporations are constantly expanding and contracting, making employees much more expendable (rather than highly valuable resources with whom deep relationships of loyalty and trust are built) . Which of the following terms best describes this new work arrangement's impact on workers and organizations?

A) ontological security
B) corrosion of character
C) vigorous capitalism
D) identity management

Ontological Security

A stable mental state derived from a sense of continuity and order in one's experiences, giving individuals a sense of biographical coherence.

Corrosion of Character

The gradual wearing away of an individual's integrity and ethical standards, often due to prolonged exposure to morally compromising situations or environments.

Modern Capitalism

An economic and social system in which trade, industry, and the means of production are largely or entirely controlled by private owners with the goal of making profits in a competitive market.

  • Understand thoroughly the subject of meaningful occupation and its segments, including agency, sense of unity, development of skills, and proper wage.
  • Understand the implications of modern capitalism on the identities of employees, noting the unpredictable nature of work and the aspiration for steadiness in employment.
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JA
Janessa AdamsJul 25, 2024
Final Answer :
B
Explanation :
The term "corrosion of character" best describes the impact of the new work arrangement on workers and organizations where employees are seen as expendable resources and deep relationships of loyalty and trust are no longer built. This term suggests that the constant change and short-term thinking of modern capitalism is eroding traditional values and virtues that contribute to a strong sense of self and identity.