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this post was submitted on 23 Oct 2023
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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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As a worker I don't like the idea of a pension. It's too easy for some future regime to just get rid of my retirement fund. As long as wage slavery exist I would rather own my own retirement plan.
It's just as easy for a market crash to get rid of your private retirement fund.
you don't even need a market crash, just a corrupt investor managing the fund
True. Madoff wiped a lot of people out.
Diversify homie.
I'm not a financial wizard, "homie." It's not my area of expertise. I wouldn't try doing surgery on myself either.
It is orders of magnitudes easier to manage your own finances after a few days of reading than becoming a doctor lol. Bankers don't really do all that much.
Ah, the typical "I did it so anyone can" that I hear from libertarians all the time.
I'm not a libertarian, but no matter what happens in the world or what social system you live in the industrial age you have to manage your own finances to some degree. It is really easy, bankers are literally criminals and by deferring to them as professionals you do a disservice to yourself and the world.
You need a pension and your need a personal account and you need to take care of it or else the only person who will suffer in this scenario is you.
Financial advisors also exist for a reason. And they aren't bankers. Bankers don't even give financial advice when it comes to investment to have money for retirement, so I'm not sure why you keep bringing up bankers.
Don't be your own worst enemy.
Getting good sound advice for free is a rare event, one that shouldn't be passed up on.
Diversification isn't brain surgery. It just means buy different things. Put some into a savings account, some into your retirement account, and some shares of VOO. Consider property, gold, bitcoin, bonds, and whatever else floats your boat. Spend a few hours on Google and you're good to go. You can obviously read and you have the internet so you'll have no issues with any of this.
I have no idea what VOO means. I don't have time to research this sort of thing. I sincerely doubt you can learn enough in a few hours on Google to ensure proper retirement investment. I think that is highly unlikely and if that is what has done it for you, you've just been lucky.
Business schools in universities exist for a reason. MBAs exist for a reason.
You know how every bank commercial says "FDIC insured" at the end? That means you've got insurance on your money in there up to $250K. Don't put more than that in any account or a crash may disappear it. This is why you diversify.
https://www.investopedia.com/articles/investing/121814/look-vanguards-sp-500-etf.asp
Since you can read and you have the internet, you could find out what VOO is within seconds. This learned helplessness routine of yours is not believable. You don't need an MBA to open a bank account, or an account with a broker.
You don't lose it all though, at least eventually it'll recover, to the range of somewhat to total amount of the loss.
If it crashes five minutes before you want to retire, then yeah you're screwed. That's why you try to have a balanced retirement plan.
If that occurs, hiwever, its not just you it's the whole economy, which in my experience leads to more neighbors acting neighborly, while when its just you and your fellow Workers, you are fucked. ymmv
Have you ever been to the U.S.?
yes
Then you should know better.
It's probably different in the burbs, but where real people live, the rural areas and the inner city, adversity certainty builds community.
Please explain why people who live in the suburbs are not humans. Try to do it without being a fascist. This should be interesting.
scientifically human. But suburbanites are primarily the boss class and not the working class. The two classes have nothing in common. The members of the boss class often act incredibly fake, hence my intentional choice of the phrase "real people."
In a lot of cities, the suburbs are the only place people can afford to buy houses, so that simply isn't true.
Where is this true? Europe? New York (which is just Europe but claiming to be in America)
No, the U.S. Most city cores are far more expensive than the suburbs if you want to buy a home. Look on Zillow for comparable homes if you don't believe me.
Also, how is New York "Europe but claiming to be in America?" Did they get universal healthcare and subsidized college education when I wasn't looking?