The new people might have no retirement plans or benefits. Our fathers had jobs that they could depend on. If it means firing some people and hiring others part time, they will. That's why a lot of people work at Kmart for 28 hours and then to Walmart for 28 hours. They have no benefits because they work part time.
Unemployment is down.
What I do know is that we had better take care of our own retirement plan because no one else will. I hope so. There is no doubt about it. With all the changes in life, we need to be ready for our later years. Not thinking the company will be there for us.