The current pandemic has only made things worse. Companies are reducing payroll and hiring younger workers who are less likely to contract the virus or some other condition. This means that older workers have to look outside the box to find ways to earn a living.
It's important for high performers to understand that they may not get promoted, and they should be prepared for this possibility. They should also look for ways to supplement their income and make sure they have a backup plan in case they don't get promoted.
Generation Z is also taking a different approach to work, as they want to avoid US corporations and insurmountable educational debt. They are looking for trades or self-employment opportunities instead.
Finally, it's important to remember that employers can't always be trusted. It's important to make an effort of good faith and integrity, but never trust or rely on an employer at all. If you find yourself in a situation where you're being unfairly fired, it's important to defend yourself and your coworkers.