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It's really underappreciated how the health care and retirement systems in the United States cause people to stay in shitty jobs. Sure, these are expensive prog
by oramit 6y ago
It's really underappreciated how the health care and retirement systems in the United States cause people to stay in shitty jobs. Sure, these are expensive programs to run but there is a huge benefit to larger companies. Employees are desperately afraid of losing their benefits - mostly health care - so they will put up with low wage growth, bad bosses, bad conditions, just to keep what they have. People generally value stability, especially once they have a family, and this is not so subtly taken advantage of at every turn.
Besides making individuals captive to their jobs I also think it really hurts our economy. Big corporations have the money to pay for these programs but small companies do not which really hurts them when looking for employees. My personal bugaboo is that the lack of wage growth and economic dynamism the past few decades is heavily influenced by this.
TLDR: making big corporations the only reliable place to get good health care and retirement benefits in the United States is a massive policy failure.