> There has been an erosion and change in the nature of an employee-employer relationship.
This however, is correct. I believe the cause is counterintuitive. Workers simply have more choice today.
For the last five years (excluding a brief hiccup during the worst of COVID lockdowns) demand for workers has outstripped supply. Low earners can choose between ultra-flexible gig work (Uber, etc) or endless less flexible options. Knowledge workers/tech have enjoyed a hot market where recruiters largely come to them once. The result of this? Average tenure at companies is decreasing. There is always a better opportunity around the corner. Why work hard at your current role for a 10% raise (at best) when you can focus on improving your interview skills and get a 30% raise at the next company?
Young people aren't "quiet quitting", they're just no longer subject to the Stockholm syndrome workers have exhibited over the last 20 years. They realize that maximizing their income means gaining 18 months of experience and moving on. If companies want to get 100% effort out of their employees, they should make sure that internal opportunities are as good as, if not better than, external opportunities.