It's not about job-hopping at all - I could easily imagine staying with a company a long time if I was happy there. Implicit in the "care for you later" agreem

It's not about job-hopping at all - I could easily imagine staying with a company a long time if I was happy there. Implicit in the "care for you later" agreement is "by underpaying you now." Whatever a company is setting aside for you later - or just promising you will be there later - could instead just be paid to you now. You might think of it as "AND," but it's really always inherently "OR." Another difference is that there are many strings placed on the future implied promises and care, such as you staying with that organization for a long time. So you can get paid in promises, or you can get paid in money. I want to get paid in money, and if I need security I can invest, buy all types of insurance, etc. No reason my employer needs to do that for me, any more than I need them to buy my groceries.