The Impact of Orissa on Company Pensions and Economic Stability

Post-Orissa act, companies were forced to fund pensions properly, leading some to realize the high costs involved and abandon their pension plans. Contrary to popular belief, job changes and income variability did not increase over time as thought, with wages actually being more stable now than before. This challenges the common misconception that work has become riskier and wages more unstable, indicating a shift in the understanding of economic stability in today's workforce.