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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When the plan administrator is picking the stocks in their “Target Retirement 2055” account, I’d say they have a large amount of control.
Now the S&P 500? Probably no control. But is it truly the S&P 500 or some bull shirt index fund from the 401k provider that’s not 100% following the S&P 500?
The portion of the comment I replied to, which I highlighted at the top of my response was that Op had said that "if the company managing your 4401k makes a bad investment", concerned that (among Ops other accurate concerns) your 401k funds could be used elsewhere without your knowledge or permission by the plan administrator, which they can't. So I corrected it.
Lazy people immediately REEE when someone doesn't immediately jump on the tribal circle jerk and agree even when parts of a statement are incorrect. Ops point was overall correct and a good one and correcting something that was wrong doesn't mean I disagree with the rest of it. Lookup false dichotomy.
If you’re investment is in the hands of a company that’s manually picking and choosing you’re in bad hands.
Better?