Most people unfortunately stick with the default investments their employers choose. So funds will still have a big vote share even if a large number of concerned people switch, however it is a signal to them.

It may be a signal to the funds themselves, but it is not any kind of signal to the underlying companies whose stock is being held in the fund.

So you’re saying that now “voting with your money” doesn’t make any sense? But wasn’t that the standard liberal answer to “socialist strikes”? /s

Also, does that mean that one has to pay to be heard? Isn’t that census all over again? (Not so /s)

> you’re saying that now “voting with your money” doesn’t make any sense

I said no such thing. Voting with your wallet means changing who you do business with. Selling your stock in a company does exactly zero to their bottom line, you are not voting at all.

Value is determined by demand. If demand drops so does value. Also bottom line and stock price are different things.