"American corporate culture is creating a nation of working families who are overworked, stressed out and in desperate need of time together. Paula Rayman gets to the heart of this dilemma in this valuable book, and delivers a challenge for change." -John Sweeney, President, AFL-CIO "Enlightened CEOs understand the enormous importance to the bottom line of creating a context for work and the work place that accommodates the human needs of every employee. Paula Rayman provides invaluable insights for those seeking to better understand those needs, and their significance." -Randall L. Tobias, Chairman Emeritus, Eli Lilly and Company and former Vice Chairman, AT&T "Paula Rayman's Beyond the Bottom Line raises troubling questions about the way we organize our lives and work. Rayman advances the discussion with a profoundly humanistic critique of corporate culture-and some wonderfully canny suggestions for change. This hopeful, energizing, book will be shaping policies discussions-and dinner-table conversations-for years to come." -Barbara Ehrenreich, author of Nickle and Dimed: On (Not) Getting By in America "The Radcliffe Public Policy Center, which Paula Rayman heads, has focused since its founding on finding effective ways to combine our country's impressive economic growth and flexibility with personal security and well-being for individuals and families. Combining well-designed research with passionate commitment, she not only outlines the issues but describes the results of creative experiments that have enabled companies to do well by doing good, a win-win situation for all concerned." -Marina V.N. Whitman, Professor of Business Administration and Public Policy, University of Michigan; author of New World, New Rules: The Changing Role of the American Corporation "As an economist, Paula Rayman brings an important and unique perspective to the most fundamentally important issue of our day 'having work that provides dignity and a family life that provides unrushed time for caring.' Rayman argues persuasively that exter nalities must be included in calculating the costs and benefits of our current economy. This new economic equation needs to consider what is productive for our economy, for the well-being of families, and for the viability of society. Rayman's views challenge current skepticism and cynicism, arguing that change in how we live and work is not only possible, but there are concrete signs it is beginning to occur." -Ellen Galinsky, President, Families and Work Institute, and author of Ask the Children: The Breakthrough Study That Reveals How To Succeed At Work And At Parenting "In searing portraits of America, its businesses, families, and its workers, Paula Rayman weaves together economics and sociology with a profound understanding of the quest for spiritual values in contemporary life. The book should serve as both an alarm bell and a guide book for politicians, CEOs, religious thinkers, the American worker-and for all those who recognize that America's future depends on restoring dignity, social responsibility, and balance to our work lives." -Rabbi David Saperstein, Director, Religious Action Center of Reform Judaism BEYOND t h e BOTTOM LINE The· Search for Dignity at Work Paula M. Rayman Palgrave * BEYOND THE BOTTOM LINE © Paula M. Rayman, 2001 Softcover reprint of the hardcover 1st edition 2001 978-0-312-22282-6 All rights reserved. No part of this book may be used or reproduced in any manner whatsoever without written per mission except in the case of brief quotations embodied in critical articles or reviews. First published 2001 by PALGRAVE™ 175 Fifth Avenue, New York, N.Y.10010. Companies and representatives throughout the world. PALGRAVEis the new global publishing imprint of St. Martin's Press LLC Scholarly and Reference Division and Palgrave Publish ers Ltd (formerly Macmillan Press Ltd). ISBN 978-1-349-62250-4 ISBN 978-1-137-04513-3 (eBook) DOI 10.1007/978-1-137-04513-3 "3 STRANGE DAYS," quoted in chapter three, by Michael Ward &: josh Clayton-Felt © 1991 Dan Is Here/Ruff Ruff Ruff Music/New Envoy Music (ASCAP) All Rights Reserved. Reprinted by Permission. Library of Congress Cataloging-in-Publication Data Rayman, Paula M. Beyond the bottom line : the search for dignity at work / Paula M. Rayman p. cm. Includes bibliographical references and index. Work ethic. 2. Work--Psychological aspects. 3. Dignity. I. Title. HD4905 .R35 2001 158.7--dc21 00-046876 Design by Acme Art, Inc. First edition: March 2001 10 9 8 7 6 5 4 3 2 1 In honor of the life work of Rita R. Rayman In celebration of the future life work of Alyssa and Lily Rayman-Read In appreciation of Rob Read's dignity in life and work This page intentionally left blank CONTENTS Acknowledgements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xiii SECTION ONE ROOTS CHAPTER ONE Genesis ................... . 3 CHAPTER TW 0 livelihood . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 CHAPTER THREE Self-Respect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . s9 CHAPTER FOUR Social Responsibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . s1 SECTION TWO PRESENT CHAPTER FIVE The Biotech Story ............... . . . . . . . . . . 109 CHAPTER SIX The Bank Story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 SECTION THREE FUTURE CHAPTER SEVEN Can You Work and Have a Life?. . . . . . . . . . . . . . . . . . . . . . . 161 Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19s Bibliography . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2o5 Index .................................. . 213 This page intentionally left blank ACKNOWLEDGEMENTS This book was conceived over two decades ago, and its birth, after a very extended pregnancy, is due to many helpful hands. Foremost are the hundreds of people from near and afar who have shared their stories of work, family and community with me. These men and women have inspired my belief that the human search for dignity can be successful. There are two other groups that deserve special recognition. First, my "readers" group, Sharon Bauer, Lisa Dodson, and Roz Feldberg, who acted as super midwives all through the process. Sharon reminded me that the turtle wins the race; Lisa urged me to keep my own voice; and Roz never let me forget how economic justice and dignity are interwoven. Second, my havurah group Sharon and David, judy and Peter-who have kept alive the spirit of nonviolence which taught me to keep my eyes on the prize. A number of wonderful institutions over the years provided the space and sustenance for creative activity. Kibbutz Hanita offered a glimpse of how work could be organized to sustain. family life. Boston College offered a congenial place to learn about conducting research across disciplinary boundaries. My Wellesley College and Bunting Institute experiences brought home the meaning of work in the lives of women of all ages from all walks of life. And most recently, Radcliffe College and now Radcliffe Institute of Advanced Study at Harvard University made resources of time, space, and research assistance generously available. President Linda Wilson graciously