Work Reform

9875 readers

740 users here now

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.

founded 1 year ago

MODERATORS

seeCseas@lemmy.world

tintory@lemm.ee

TinMod@lemmy.world

999

What the hell is this shit? Instead of pushing for the return to traditional pensions, capitalism is celebrating the idea that Millennials and Gen Z may simply never be able to stop working. (www.cnbc.com)

submitted 11 months ago* (last edited 11 months ago) by ASK_ME_ABOUT_LOOM@sh.itjust.works to c/workreform@lemmy.world

270 comments fedilink hide all child comments

Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations.

About 41% of Gen Z and 44% of millennials — those who are currently between 27 and 42 years old — are significantly more likely to want to do some form of paid work during retirement.

...

This increasing preference for a lifelong income, could perhaps make the act of “retiring” obsolete.

Although younger workers don’t intend to stop working, there is still an effort to beef up their retirement savings.

It's ok! Don't ever retire! Just work until you die, preferably not at work, where we'd have to deal with the removal of your corpse.

you are viewing a single comment's thread
view the rest of the comments

[–] M0oP0o@mander.xyz 4 points 11 months ago (1 children)

I think there is also inflation fear and a understandably low desire to try and save/invest. I know a few people that just had to start working again because the money they had coming in for retirement was not enough for what they thought was their lowest acceptable standard of living.

Its not hard to see with inflation above return on most safe investment vehicles (GICs paying 4.5% max with inflation at 5%) that people don't see the point.

[–] orrk@lemmy.world -4 points 11 months ago (1 children)

it's mathematically impossible for any long term investment vehicle to payout more than inflation, unless you get lucky and happen to hit the Apple stock.

[–] M0oP0o@mander.xyz 3 points 11 months ago

Sorry but by that logic there is no point in any investment mechanism. Historically GIC rates have been the oposite of what you claim https://www.ratehub.ca/blog/the-history-of-gic-rates/ . For example in 1995 GICs paid 7.1% vs the inflation rate of 1.7%.

I think the odd position that it is "mathematically" impossible to have any expectation of return is indicative of our messed up system.