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What does the math look like to you? I mean, back when I was a teenager I realized that this century is different, I shouldn't expect to do what my dad did and
by Jach 9y ago
What does the math look like to you? I mean, back when I was a teenager I realized that this century is different, I shouldn't expect to do what my dad did and end up (albeit through a series of acquisitions / mergers) at the same company for 30-something years with a payout plan at the end. Sometime in 2012 I saw this article[0] which starts off:
"The average lifespan of a company listed in the S&P 500 index of leading US companies has decreased by more than 50 years in the last century, from 67 years in the 1920s to just 15 years today"
I doubt things look any rosier 6 years later. So what does the math look like when the firm lifespan of the most profitable companies is quite a bit less than the lifespan of someone's useful working period?
[0] https://www.bbc.com/news/business-16611040 https://www.bbc.com/news/business-16611040
- cortesoft 9y agoIt means we shouldn't tie retirements to the company you are working for.
- Jach 9y agoWho is "we"? I'm curious how you propose to do the math right so that you, as an employer, can offer a plan that resembles a pension, and if it ends up being any different in practice than contributing to a 401k (which does transfer with jobs so is independent of your company).
- cortesoft 9y ago'We' being society. I think we put too much responsibility onto companies, expecting them to provide health insurance and retirement benefits to employees. Both of those things should not be tied to your job.