There are guys with 30+ years left here staring down these draconian QOL hits.

Because if this is the best we can do now, these concessions will be with us forever.

Actually, they won't be with us forever. They'll only get more draconian and punative in the next downturn. Or in the next boom. It doesn't matter. Times are bad...we concede. Times are good...we concede.

It's incomprehensible. And reprehensible. Now I must drink myself insensible.

So yes, they are devastating when compounded over multiple decades. It's the time-value of concessions. I ask the older guys not already voting "no" to please put yourselves in the younger guys' shoes and look at the path this POS could put us on.