Commentary

Worked to Death | Jacobin

The American pension crisis helps corporations maintain a precarious, easily exploitable workforce.

The state of the American retirement system is not good. Pension funds are constantly being whittled away, workers who are lucky enough to have funds increasingly receive 401(k) plans that are subject to the wild fluctuations of the market, and free-market vultures continue to circle around the social security system — a terrifying prospect in a country where 45 percent of households don’t have any retirement savings at all.

Source: Worked to Death | Jacobin

Categories: Commentary, economics, employment

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