The 401(k) is a monster

“The individual system with the 401(k) is a monster, especially for people 60 years old or more,” says Angelien Kemna, a leading European investor and pension executive. Kemna is no bleeding-heart liberal. She arrived at this conclusion after leaving one of the top private-sector jobs in global finance—CIO and CEO of ING Investment Management in…

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Britain’s ‘Sharing Economy’ Is Creating a Desperate Servant Underclass | VICE | United States

Black cab drivers gum up a London street to protest against Uber. Photo by Chem Squier. This article originally appeared on VICE UK. It was seven o’clock on a cold January evening when Orhan, a taxi driver for Uber, first realized he had a problem. Well into his second shift of the day, he tried…

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Yahoo Finance Exclusive: Bloomberg employees sue for overtime pay – Yahoo Finance

google_ad_section_start Yahoo has learned of new developments in a lawsuit filed against Bloomberg LP by the law firm Getman Sweeney in 2014. The original complaint filed alleged that the financial software and media company violated federal law by failing to compensate hundreds of former and current employees for overtime pay beginning in 2012. Bloomberg LP is run by Michael Bloomberg who…

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Reflections on Stress and Long Hours on Wall Street – NYTimes.com

Photo The Goldman Sachs headquarters in Manhattan. Goldman and other Wall Street firms are evaluating their work policies. Credit Spencer Platt/Getty Images Earlier this year, a 22-year-old first-year analyst at the Goldman Sachs office in San Francisco was feeling overwhelmed by the all-nighters and 100-hour workweeks. The analyst, Sarvshreshth Gupta, a graduate of the University…

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A full-time minimum-wage job won’t get you a 1-bedroom apartment anywhere in America – Vox

There is no state in the union where a full-time, minimum-wage worker can afford to rent a one-bedroom apartment for less than 30 percent of his paycheck (which is a standard measure of housing affordability). That’s the depressing takeaway from a new report by the National Low-Income Housing Coalition. The paper includes this map tallying…

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