Once upon a time you joined a company and the work wasn't glamorous, but it was doable. You had a desk, a team, a boss. Healthcare was generous. Income to pay for a household's worth of expenses and the requisite two vacations per year. Defined benefit pension for when you walk out the door at 55 and life was good.
Then they came for the pension. Introduce the 401k. But it's okay because the company is going to offer SSF, Thrift, and many other programs to fill in the gap.
Well now automation is progressing. You are needed to take on responsibilities of those who have left. SSF is gone. Thrift is gone. We are adjusting our retirement benefits to be competitive in the marketplace. Or more honestly, we are determining what is the minimum compensation we can manage without having the company fail.
Truly a starvation diet. If you treated an animal under your care in such a way you'd be locked away and forgotten.
Without writing a novel - the world is constructed of choices. There was a time when a single earner at a company like Phillips provided for a prosperous life and retirement. The game has changed, capital now demands their pound of flesh. But to pay them is a choice. The company could pay their employees as they once did. Think about these things.