Instead it just makes an entire generation who never gets to retire.
The easiest way to protect retired people is to make sure there are no retired people to protect (taps head)
Comment on Amazon lays off 500 Twitch employees, hundreds more at MGM and Prime Video
TORFdot0@lemmy.world 10 months agoThe fiduciary responsibility standard is there to protect people’s retirement which is all in the market. It sucks that people are losing are being laid off but I don’t think changing the standard would give these people their jobs back.
TheRaven@lemmy.ca 10 months ago
sebinspace@lemmy.world 10 months ago
You should not be entitled to protection when you engage in gambling knowingly and with your own volition.
TORFdot0@lemmy.world 10 months ago
These people would lose their jobs regardless because twitch is not profitable.
Tosti@feddit.nl 10 months ago
A few hundred losing their jobs is kinda misrepresenting the situation isn’t it. If you keep seeing each company by itself in terms of firings but then group the market as a whole in terms of people with money in the market.
It’s either a few thousand with money in the company vs the people fired from that company… Or the market vs all people fired in the market during these waves.
Plus… when you are one of the fired people the impact can be deeply impactful, in the US even as far as having no health insurance. While less profit mldoes not have such an impact.
TORFdot0@lemmy.world 10 months ago
I was mostly just trying to get my point across in a hastily written comment. But you are absolutely right that I should have considered the layoffs market wide when talking about the impact they have have market wide.
And I hate to lessen the human impact that the layoffs have, especially when COBRA is a joke and people rely on their employers 401k match and such to have a decent living in retirement. I’m not endorsing our current system, I don’t like any more than the rest of us. I just think we need to solve the problems of people’s QOL in retirement being tied to the market and things like healthcare being dependent on one’s employment before we worry about companies being run to make as much money as possible
sebinspace@lemmy.world 10 months ago
Holy shit you’re so adorable.