Cory Doctorow on Nostr: Once, workers had "#DefinedBenefitsPensions," where employers promised to pay a ...

Once, workers had "#DefinedBenefitsPensions," where employers promised to pay a certain amount every year from retirement to death. #JimmyCarter swapped that out for #401Ks, "market" pensions where you have to guess which stocks will be valuable or starve in your old age:

https://pluralistic.net/2020/07/25/derechos-humanos/#are-there-no-poorhouses

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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/11/08/fiduciaries/#but-muh-freedumbs

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