tag:blogger.com,1999:blog-8537995.post113079042791670232..comments2023-10-29T10:54:58.681-04:00Comments on Vox Baby: The End of PensionsAndrewhttp://www.blogger.com/profile/13514024573333057559noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8537995.post-1130915343001958412005-11-02T02:09:00.000-05:002005-11-02T02:09:00.000-05:00We are watching the last pension plans go out of b...We are watching the last pension plans go out of business. And there is nothing we can do to stop it. The natural history of capitalism is that industries are born, grow, add lots of employees, become more efficient, reduce the numbers of employees, see foreign competition eat into their markets, grow sclerotic and die.<BR/><BR/>When companies are young, they will want to keep capital in their Fat Manhttps://www.blogger.com/profile/05131003998982897093noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1130861322261831022005-11-01T11:08:00.000-05:002005-11-01T11:08:00.000-05:00one last comment:pensions are the punching bag for...one last comment:<BR/><BR/>pensions are the punching bag for companies who have much bigger problems: uncompetitive products, neglecting to manage number of headcount, productivity problems, failure to adapt, etc-<BR/><BR/>united airlines will be an interesting test case on this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1130860906667770142005-11-01T11:01:00.000-05:002005-11-01T11:01:00.000-05:00one more-another thing that needs to be explores i...one more-<BR/><BR/>another thing that needs to be explores is modification of pension benefits without bankruptcy. too many companies have an incentive to pursue bankruptcy, and intentionally become bankrupty, because htis is perceived as the only way to re-negotiate pensions and benefits.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1130860705782984042005-11-01T10:58:00.000-05:002005-11-01T10:58:00.000-05:00i actually do not think the end of pensions will h...i actually do not think the end of pensions will happen. we may be approaching a limit.<BR/><BR/>cash balance plans may be more the waive of the future, along with some notion of portability.<BR/><BR/>pensions have some advantages: stability, lower transaction fees, retention of key employees, professional money management, long-term investments that require professional money management, Anonymousnoreply@blogger.com