Quote:
Originally posted by ltl/fb
(1) I think unions originally drove it -- a lot of companies maintain generous pensions in an effort to keep employees from unionizing. It is easier to push people out if they know they will have enough to get by on.
(2) 401(k) addresses what issue in (1)?
(3) 2. Do steelworkers have short life spans? Huh.
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(1) not questioning the genesis; just offering another reason why employers might see value in pensions.
(2) That it's easier to can someone if they have something to get by on.
(3) Less so, now that they're mainly asian.
