3.7: The Work Ethic Flashcards
What is the Protestant work ethic, and how is it related to capitalism?
The Protestant work ethic is a code of values in which hard work, diligence, thrift, and busyness are considered morally desirable.
It assumes that work is the purpose of life, and unemployment is seen as a temporary misfortune or a result of individual deficiencies.
How has the Protestant work ethic influenced modern society?
In modern society, the Protestant work ethic’s emphasis on thrift and saving has shifted to a focus on consumption, where individuals work hard to acquire material possessions.
This ethic ties into the broader concept of consumer sovereignty in capitalism.
What are some criticisms of the Protestant work ethic?
Critics argue that the Protestant work ethic overlooks other life purposes individuals may have and fails to account for circumstances that prevent some people from participating in the workforce.
It may also place too much emphasis on the individual’s worth being tied to their ability to work.
How do government programs impact the work ethic in society?
Government programs such as Employment Insurance and pandemic relief funds provide support to individuals unable to participate in the economy.
While these programs can offer temporary relief, they may also distort labor markets and potentially reduce the perceived need for individuals to work hard.
What are some generational differences in work ethic?
Boomers: Value job security and dedication to one employer.
Gen X: Seek career growth and are willing to switch jobs for better opportunities.
Millennials: Value flexibility, diversity, and work-life balance.
Gen Z: Likely to continue trends of flexibility while focusing on meaningful work and technological collaboration.
How do Millennials and Gen Z differ in their approach to work?
Millennials and Gen Z are more likely to value workplace flexibility, diversity, and collaboration.
They prioritize social justice, innovation, and integrity and are adept at multitasking and online collaboration, making them natural team players.
What workplace challenges do Millennials and Gen Z face today?
These generations are more likely to work in part-time or gig jobs with fewer benefits and lower salaries.
They also face rising living costs and student debt, making it harder to secure full-time permanent employment with pensions.
