The company I work for used to be like that but about 10 years ago, it was taken over by a guy who actually tries to take care of the employees. It's not a charity, but he invests in the employees. As for a company that hires younger people at less money, those usually don't do well over the long term. Yes, short term, profits go through the roof. Over time though, the "institutional memory" fades and the company will have to relearn mistakes that were made before. We had a hot shot foreman come in and want to change a loading process. I pointed out that we had done that back in 1980 and it ended up costing the company big bucks and loss of a major contract. You'd be surprised at the problems the new company will have without you being there to save their cookies.