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Pemalite said:
PortisheadBiscuit said:

So say you work for a company for 20 years, and they decide to replace you with a lower waged foreigner, you somehow didn't deserve the job you dedicated 20 years of your life doing?? Meanwhile you have a mortgage, kid's tuition, medical insurance etc? 

Absolutely correct. It's time for me to find a new job, there are lots around.

I am generally invaluable to my employer anyway, it will cost them more to hire someone and spend the next several years trying to up-skill them to my level... But if someone walked in with the same skillset and training but would work for less... Then good on them.

But many jobs exist where you can't become indispensable to your employer, no matter how hard you work. Even in a scenario where you have a company in which the lowest employee can become the CEO, the hirachical structure of a company means that you will allways have a bottom line of emplyees who are the most dispensable.
Not everyone can be CEO.