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Workers were told over decades that they are dispensable and all gains should go to owners. Especially low wage workers get treated terribly (by customers and e

Workers were told over decades that they are dispensable and all gains should go to owners. Especially low wage workers get treated terribly (by customers and employers) and don't make much money. It's not exactly surprising that people opt out as soon as they can somehow. The shareholder value ideology has destroyed the social contract that we are all in the same boat.

rootusrootus 4y ago
That's not what I'm reading from the article. Seems more to do with people electing to age out early from work due to the pandemic.
- toomuchtodo 4y ago
  https://www.federalreserve.gov/econres/feds/files/2022081pap.pdf https://www.federalreserve.gov/econres/feds/files/2022081pap... “The Great Retirement Boom”: The Pandemic-Era Surge in Retirements and Implications for Future Labor Force Participation
  - etempleton 4y ago
    So retirees aren’t even retiring earlier than in the past, it is finally just happening in mass. Additionally all those anecdotes about people “not wanting to work” and “no one wants to work anymore” are false. More people of non retirement age are working as a percent of the labor force now then in the past. There are also just more jobs now and less people to work them.
- hirako2000 4y ago
  But the article isn't answering the question. It gives some interesting facts but wouldn't put the finger anywhere near what's actually going on. And I concur, the capital greed and dehumanised workplace dynamics make more workers give up. Most stay employed of course, but gave up nonetheless. Curious to see what's next, the stick has proven far less effective than the carrot, in the long term in particular.
- Ambitious1325 4y ago
  In which case the problem would resolve itself, in 2-3 years as less people (relatively) are retiring.
scarface74 4y ago
I have no idea why people think this is a new concept. This stop being the case decades ago when pensions started being phased out for 401Ks And this is not a bad thing, I cringe at the entire paternalism of expecting the company to take care of you and the “we are family” bullshit.
- listenallyall 4y ago
  While you are cringing, local police/fire men/women, and many other municipal workers are retiring at 45-55 and will collect a hefty chunk of their top annual earnings, for the rest of their lives. And you're paying for it.
  - scarface74 4y ago
    And I can start on another rant about how cities should completely phase out pensions and put them on the same 401K type plans as everyone else. It will force more honesty in the negotiation process instead of letting politicians and unions kick the can down the road.
    - cudgy 4y ago
      They’ll simply demand higher wages to compare to private sector rates. This is not a static situation.
      - scarface74 4y ago
        I have no problem with them asking for higher wages. At least that means todays money will have to pay for today’s wages and since most cities and states have to have a balanced budget they can’t put debt obligations on tomorrows taxpayers But then again what are policemen and firemen going to do? How do there skills help them in the private industry?
        listenallyall 4y ago
        They become chief of security, or safety, at factories, office towers, stadiums, casinos, malls, etc

rootusrootus 4y ago

That's not what I'm reading from the article. Seems more to do with people electing to age out early from work due to the pandemic.

toomuchtodo 4y ago
https://www.federalreserve.gov/econres/feds/files/2022081pap.pdf https://www.federalreserve.gov/econres/feds/files/2022081pap... “The Great Retirement Boom”: The Pandemic-Era Surge in Retirements and Implications for Future Labor Force Participation
- etempleton 4y ago
  So retirees aren’t even retiring earlier than in the past, it is finally just happening in mass. Additionally all those anecdotes about people “not wanting to work” and “no one wants to work anymore” are false. More people of non retirement age are working as a percent of the labor force now then in the past. There are also just more jobs now and less people to work them.
hirako2000 4y ago
But the article isn't answering the question. It gives some interesting facts but wouldn't put the finger anywhere near what's actually going on. And I concur, the capital greed and dehumanised workplace dynamics make more workers give up. Most stay employed of course, but gave up nonetheless. Curious to see what's next, the stick has proven far less effective than the carrot, in the long term in particular.
Ambitious1325 4y ago
In which case the problem would resolve itself, in 2-3 years as less people (relatively) are retiring.

scarface74 4y ago

I have no idea why people think this is a new concept. This stop being the case decades ago when pensions started being phased out for 401Ks And this is not a bad thing, I cringe at the entire paternalism of expecting the company to take care of you and the “we are family” bullshit.

listenallyall 4y ago
While you are cringing, local police/fire men/women, and many other municipal workers are retiring at 45-55 and will collect a hefty chunk of their top annual earnings, for the rest of their lives. And you're paying for it.
- scarface74 4y ago
  And I can start on another rant about how cities should completely phase out pensions and put them on the same 401K type plans as everyone else. It will force more honesty in the negotiation process instead of letting politicians and unions kick the can down the road.
  - cudgy 4y ago
    They’ll simply demand higher wages to compare to private sector rates. This is not a static situation.
    - scarface74 4y ago
      I have no problem with them asking for higher wages. At least that means todays money will have to pay for today’s wages and since most cities and states have to have a balanced budget they can’t put debt obligations on tomorrows taxpayers But then again what are policemen and firemen going to do? How do there skills help them in the private industry?
      - listenallyall 4y ago
        They become chief of security, or safety, at factories, office towers, stadiums, casinos, malls, etc