Pensions are good for companies

Companies have a mercenary attitude, now they want mercenaries for employes, then they wonder why they can't keep the good talent, or how their competition knows too much about how they operate. Then they start loosing business to the european companies when they expand stateside. There was a reason why the business moguls of the early 20th century had pensions, it wasn't for humanitarian reasons, it was because loyal employees kept companies in business. Look at how many companies have gone under since 401ks came about and pensions disappeared. Look at how Asian and European companies have started to come to America and build factories while American companies disappear. This is just one part of the problem. But we did this to ourselves, and we are going to pay for it.