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The economic set ups across the world changed. You can't fault companies for doing what was needed. In India many old people got shafted both the ways being as
by kamaal 9y ago
The economic set ups across the world changed. You can't fault companies for doing what was needed.
In India many old people got shafted both the ways being asked to take voluntary retirements and being subjected to high inflation rates at the same time.
- gaius 9y agoYou can't fault companies for doing what was needed. Well, you can, or no obligation means anything anymore. Why should a company even pay you your wages if things are a little tight this month, by that logic?
- deleted 9y ago[deleted]
- kamaal 9y agoSalary is an obligation in return for your services. The company doesn't owe a person a job for passing time at office. Its just people woke up to the fact that socialism wasn't a feasible model anymore.
- gaius 9y agoOK, a company decides it won't pay your pension anymore then - identical scenario.
- kamaal 9y agoIts not an identical scenario. Companies don't pay pensions in most countries. These largely get paid through Pension funds, which by and large investment money in Government backed securities. These are debt obligations at the level of a country. On 'your' investments. This is totally different than saying a person should be given a job, even if they don't work.
- gaius 9y agoCompanies don't pay pensions in most countries Ummm airlines and automakers in the US do, or did. Lots of companies/countries are the same.