Work Reform

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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

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tintory@lemm.ee

TinMod@lemmy.world

‘Zombie Offices’ Spell Trouble for Some Banks - The New York Times (www.nytimes.com)

submitted 7 months ago by FenrirIII@lemmy.world to c/workreform@lemmy.world

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[–] n3m37h@lemmy.world 45 points 7 months ago (2 children)

I smell a ~~nation wide theft~~ bailout inbound

[–] e_t_@kbin.pithyphrase.net 19 points 7 months ago

The banks should pull themselves up by the bootstraps and cut down on the avocado toast. That's the path to financial solvency, right?

[–] protist@mander.xyz 13 points 7 months ago* (last edited 7 months ago)

Jerome H. Powell, the Fed chair, acknowledged during a “60 Minutes” interview that aired on Sunday that “there will be losses.” For big banks, Mr. Powell said, the risk is manageable. When it comes to regional banks, he said that the Fed was working with them to deal with expected fallout, and that some would need to close or merge.

I think they're acutely aware how unpalatable a bailout would be to the public, and they also know the problem exists and are able to plan ahead, so I don't think we're going to be seeing a big bailout here