One factor is that the advent of the 401k in the US broke the contract a while ago. Retirement isn't bound to any one company anymore. This is the first generat

One factor is that the advent of the 401k in the US broke the contract a while ago. Retirement isn't bound to any one company anymore. This is the first generation to enter the workforce with bosses that never experienced what its like to have a pension. All of their seniors are free agents too, and this does have effects. Loyalty to the worthy manager, yes, but definitely not to the company as some sort of a long-term benefactor.