Please. Complete hyperbole.
I've lost a job because a boss of mine made some stupid decisions. It didn't ruin my life - I found another job.
I've also lost substantial money in the markets due to fraud at companies I invested in (Tyco, anyone?) - but that didn't ruin my life either.
If losing a job or losing money ruins your life, then you're not made of very stern stuff.
Money is replaceable and jobs are replaceable.
Comparing that to what a rape victim goes through is just silly.
Tell that to someone 62-65 years old and just lost their pension and life savings. You lost a job once and got over it? Not quite the same thing. These people were lied to again and again. Rules were made to prevent them from diversifying.
"Please. Complete hyperbole.
If losing a job or losing money ruins your life, then you're not made of very stern stuff."
BS. Maybe, maybe you're one of these staunch entrepreneurs who lands in the dirt, dusts himself off, and keeps going. Or maybe, like me, you're comfortably into a career, but nowhere near the end of it; plenty of time to recover from a shock.
The majority of people work a job, put money away, and live their lives with the expectation that as they near or reach retirement age, their savings will be there. This security is the tradeoff they make for the lower pay and poorer conditions of being employees as opposed to entrepreneurs.
Now you take your 62 year old, with 30 years in the company; or you take your 70 year old, into his retirement, and you take it all away, and they're going to just pick up and say "meh"? I don't think so. There *is* no next job for those guys.
Now, as their job is gone, their house is taken, their marriage is on the rocks, and their kids start thinking of them as a burden and not a joy, you tell them to suck it up and put on the happy blue greeter's apron.
Personally I'm expecting the same @#^#ing by our friendly federal government when the boomers all retire and demand my wages be taxed at phenomenal %age to pay for their last gasp of ME-ism; and the fact that I see it coming does not abate my deep anger at the prospect.