[chinaco]

There are a few companies bucking the trend... but they are few.


The company that I work for still offers a Defined Benefit plan (good one) and retirement health care. They intend to continue doing it.

Why. Because the industry requires enough specialized knowledge that they think they need to retain employees. They offer these because they feel it helps with retention.

However, while the company pays a competitive wage, they do not pay in the top 10%. They manage expenses.


DW megacorp has a similar approach. I will not mention the name of the company (household name). They have a special variation on the defined contribution plan. They recently reduced the amount they contribute (substantially) for new employees. Older employees were grandfathered.


Things are a changin'! As we become more intertwined in international business and economics... companies will continue to struggle with lower wages (competition) in developing countries. Things will normalize. But not in our lifetime.