1) We do specifically address the power imbalance between employers and employees. Because managers typically have more power in the relationship, it is critical that managers take the initiative to prove themselves trustworthy. Now that talent mobility has increased so much, employers who continue to treat employees as disposable are going to have a hard time attracting the best talent.
This doesn't mean that all companies will behave in an enlightened way, and there are cases where employees who lack specialized and valuable skills will still be treated badly.
2) There are also corporate cultures that place such high demands that they have negative impacts on employees' health and happiness. The purpose of our book isn't to defend all corporate employers! Its purpose is to lay out a plan for how corporate employers who believe in our ideas can build stronger, more mutually beneficial relationships with employees.
3) Losing a job can be devastating, both to your financial life, and to your health and happiness. It doesn't help that the social safety net in the United States is stingy and inconsistent. But unless you prohibit employers from laying off employees, I really think this is more a matter of government policy. And preventing employers from firing people always has unintended consequences, such as discouraging any hiring, and encouraging black market, off-the-books work.
Have you actually read our book, or even one of our many articles? I feel like you're judging me based on Dan Lyons' editorial, which as I've already pointed out, quotes exactly 6 words out of the entire book.
Broadly speaking, capitalism works because it is a voluntary exchange mechanism. It doesn't work perfectly, which is why we should strive for things like educational reform (to give everyone a chance to get a good education). But no system does.