There's shift of context too. In our grandparents' generation, companies also promised to keep the workers around and sometimes to give them pension. There woul

There's shift of context too. In our grandparents' generation, companies also promised to keep the workers around and sometimes to give them pension. There would be a steady career path based on seniority as well. Something along the lines of that you take of the company and we will take care of you. None of such promises exists nowadays.