I know it’s obvious, but this kind of thing gets on my nerves. I know it’s obvious, I know this is The Economist, but still.
When IBM announced an overhaul of its pension plan for employees in America last week, it joined a parade of employers that are shifting more responsibility for saving for retirement on to workers.
Shifting more responsibility. As if those slacker employees have been just flopping around expecting employers to spoon-feed them, because they’re such babies. As if pensions were not simply part of the agreed compensation package, like, you know, wages. If IBM announced an overhaul of its payment plan for employees, which consisted of reducing their salaries by 100%, would that be shifting … Read the rest