JoB
skeeter..
yes the game is rigged for those working at Boeing.
They just lost their deferred wages called a defined pension benefit plan.
they now get to rely on stock plans that are managed by someone else who is not responsible for replacing your assets if they do a lousy job managing them..
just like you do if you are employed..
and it may surprise you to learn that not everyone working at microsoft or google makes those big big bucks..
and even if they do..
they too get to rely on stock plans managed by someone else for their retirement..
of those who are currently doing well…
many of them have done the bubble and bust game of the software industry..
losing everything they gained in the first third riding out the unemployment in the next third… losing homes and retirement assets and …
only to scramble like crazy to make that retirement one more time in the last third of their careers
all for dollars that have not kept up with inflation.
yup.. the game is definitely rigged for them too
and not necessarily in a good way