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The McSweeney's article[0] nails it perfectly for me

… The McSweeney's article[0] nails it perfectly for me. I am in the gap in the middle, where stable pensions were on the way out at the same time as companies dropped loyalty to employees into the bin. So I started my working life with the cultural expectation that existed--work for the same company, or maybe two companies, for 40ish years, then leave the workforce knowing I'd be stable--and am now expected to cover all of my years of life solely from the resources I can scrounge together. This, in a word, sucks, and it's part of why layoffs--especially when companies are still hiring in other areas is so jarring to me. (Does it suck more than the generation or two who have come after me, who had neither the expectation of a pension or potential job stability? No! It's far worse for those later than me; their only "benefit" is people younger than me didn't start out with that false hope. They've always known they're screwed unless they can horde as much as possible in as little time as possible.) 0 - https://www.mcsweeneys.net/articles/macroeconomic-changes-ha...

Original discussionLayoffs Are Cruel and Don't Work263 source comments · at import
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FS

No one is saying you should have 100% job security, or never be let go / fired. People are saying that these mass layoffs and the way they are conducted are harmful to society and not as beneficial to the business as CEOs and investors want to believe. Layoffs are not always a result of declining performance. We have seen several now where quarterly results point to increased performance but layoffs still occur as an opportunity to dump workers without much criticism.

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PE

Stable pensions are gone, that's why so much hustle everywhere: ranging from drop shipping to becoming slum lords through BRRRR investing.

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CR

I guess I'm "lucky" that I was born in a country who tops the OECD ranking for elderly poverty. Even though I moved to a country with an okay pension scheme, I've never counted on that to last. So I've been saving and investing as much as possible because, as you've said, I've "always known [I'm] screwed unless [I] can horde as much as possible in as little time as possible." But I hate that I have this mindset. It’s useful to a degree but it’s almost become a compulsion for me. Incidentally, I think this is the main reason why my home country has the lowest birth rate in the world. I really wish we could all just, enjoy life without having to worry about poverty in the future. (My home country is South Korea)

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