The “normal employer-employee relationship” still “in part, depends on the fear of termination....” What has changed?
Nowadays a lot of developers I know, myself included, work where they do because they like it and it pays somewhat better than the other guys. If I lose my job oh well. I'll throw out my resume, take a week off, and there's a good chance I'll have another job.
It isn't that it won't suck, but it's not going to cripple me or really interrupt my life. The question of "Are they going to fire me?" becomes kind of a joke.
It's from "On the Management of Computer Programming" published in 1970. He complained about some of programmers being Haight-Ashbury hippies and disliked programmers' desire for "beards, sandals, and other symbols of rugged individualism."
The more things change, and some such...