this post was submitted on 21 Jan 2024
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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Thanks for the informed take.
While true, I'm not an investor, I'm a software engineer. I don't know good investments from bad, so if I tried to invest myself as an uninformed person, odds are good I will lose a lot of money very quickly. And becoming an informed investor is a lot of time and effort I don't have. I rely on the managed plan because I know there are professionals handling it.
My employer actually switched our 401k's from ML to John Hancock. I had no say in this, I don't know if JH is more or less competent as a firm than ML. So if I have fewer choices because I don't know how to invest and would prefer someone to manage it, I have even fewer choices because I don't even get to choose who manages it.
This is where we most agree. Most people don't know how to invest, so they either let the retirement funds handle it, or they try it themselves. If they try it themselves, they either have to learn how to invest, or they have to get lucky. If the funds handle it, they can be lured in by "stable, lucrative" investments that turn out to be bad, like Mortgage-Backed Securities. Even informed investors can lose money. No matter which path we follow, it all becomes gambling in the end. It's unacceptable that retirement funds are treated as such.