Fair and effective social contracts enable businesses, workers, and society to thrive together. The social contract that has shaped our economy over the past 75 years needs to be adjusted so that it meets the demands of a rapidly changing world of work and global business environment. In the context of such profound changes, there are significant business incentives to modernize social contracts for the work models of the 21st century to enable all people to successfully adapt to this shifting nature of work, to allow businesses to develop the talent needed to innovate and compete, and to help build social consensus about the relative roles and responsibilities of government, business, and citizens. Insights from this session will be relevant to debates over social safety nets, healthcare, and education.