Employers demonstrated their infidelity to their staff by paying loyal workers, on average, 7% less than new hires — 20 years ago, salaries were largely the same between new and longtime employees.

  • @stoly
    link
    510 months ago

    Younger Silent and older Boomers definitely got the biggest shaft of all. This was the group of people who were promised a pension and regular retirement. Then the idiots who manage the companies ran them into bankruptcy and got business-friendly bankruptcy judges to dissolve the pensions, leaving retired and retiring people with nothing to fall back on. Younger Boomers looked at that and went “sounds good to me!”.