True, but let's face it: ebbing loyalty between faculty and institution is very much a mutual affair.
What does this mean? What is meant by institutional loyalty to faculty members? Truly, I don't know what this means, or how it's changed, if it has.
Point taken, but there's been a wider change in the relationship between (middle-class) employee and employer in the past 50 or 60 years, and academia's been a part of it--the move away from job security in exchange for employee loyalty as part of the (usually implicit) contract. Corporate interests discovered that treating employees as contingent was useful for flexibility, and so they did so--and employees have followed suit by being less and less devoted to their employers.
Academia was, I think, late to the game in this, but the increasing use of adjunct and term faculty is pretty decent evidence that flexibility is winning out over loyalty.
I wouldn't necessarily frame this is a loyalty issue though. I don't know if the order of causality is correct, but I suspect it is. Anyhow, I would frame this as a cost of employment issue. The value of any employee is, by nature, uncertain, but the cost is certain. To manage growing costs and equivalent uncertainty, a company's best response is to transition away from long-term employment and towards more contingent appointments, especially when it becomes near-impossible to terminate employment.
