Don’t stiffen up the IRS If you can’t pay your tax bill, it might be tempting not to file a return. But not filing a case carries much higher penalties than failure to pay, says CPA Neal Stern, a member of the Financial Literacy Commission of the American CPA Institute. …
Read More »Elevate Credit Second Quarter 2021 Results Release Available on Investor Relations Website | Company
FORT WORTH, Texas – (BUSINESS WIRE) – Aug 3, 2021– Elevate Credit, Inc. (“Elevate”), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced its financial results for the second quarter of 2021. Elevate released its press release on its Investor Relations webpage. at …
Read More »4 pitfalls for fundraising (and better options)
If you have more bills than you have money, the usual advice is to cut expenses and find some extra income. But some ways to raise money can be much more expensive than others. Here are four that should be avoided, if possible, and what to consider instead. BE CAREFUL …
Read More »South State Invests $ 500,000 in Optus Bank to Help Close Racial Wealth Division
“To fulfill our commitment to closing the opportunity gap in our community, we need strategic investments from partners along missions like SouthState. With the support of their equity investments, We are in total $ 17 million Nearly developed assets with new capital since 2020 $ 300 million” Dominique mujartan, President …
Read More »Cash Converters Sees Continued Growth As Australia Navigates COVID-19
Cash Converters’ various sources of income have mitigated the impact of the global pandemic and its associated bottlenecks. One company that has taken the global pandemic in its wake is Australia’s largest venture lender and used goods retailer, Cash Converters (ASX: CCV), which has not only weathered tough times, but …
Read More »Opinion: After 10 years, here is how the CFPB is doing in consumer protection
“Corruption, embezzlement, fraud,” Alan Greenspan, longtime chairman of the Federal Reserve once said, “are all characteristics that exist everywhere… what successful economies do is minimize. No one has ever eliminated any of this stuff. But we keep trying, which explains one of the federal government’s new bureaucracies, the Consumer Financial …
Read More »Buy Now, Pay Later – How Does It Work?
Financial experts advise individuals not to buy property the cost of which they cannot cover with the available money. Well that’s true, but impractical, especially when you need something your paycheck or savings can’t cover. Fortunately, there is another way to pay for an item that you don’t have the …
Read More »Payday Loan Services Market to Witness Massive Growth of Major Players Wonga, Cash America, Wage Day Advance – The Manomet Current
Ample Market Research has added a detailed study on the Payday Loan Services market which provides a brief summary of the growth trends influencing the market. The report also includes significant information regarding the profitability graph, market share, regional proliferation and SWOT analysis of this business vertical. The report further …
Read More »Reviews | Julie Brown’s fight to expose Epstein’s crimes and earn a living
The Herald was not unique: As the Pew Research Center recently reported, newsroom employment has has fallen 26% since 2008. Mid-career journalists – those aged 35 to 54 – have been the most affected, as Pew found last year. At the Herald, Brown said, veteran journalists were kicked out because …
Read More »Inside the $ 12 billion opportunity to speed up access to paychecks
The growing interest of younger workers in accessing their pay faster could create a $ 12 billion market for payroll service providers and newcomers looking to disrupt the traditional idea of ââpay periods. Fintech companies see a great opportunity to accelerate access to earned wages, especially for hourly employees with …
Read More »Brits Who gamble or lie about their finances risk ruining their credit rating | Personal Finances | Finance
Others hurt their credit rating by failing to repay debts regularly, taking on too much credit, or not registering to vote. Your credit report is a history of all the credits you have taken in the past six years, including overdrafts, mortgages, credit cards, cell phone contracts, and HP payments. …
Read More »Debunking Bankruptcy Myths: But Won’t Bankruptcy Ruin My Credit For Seven Years? | On your debt
This question, or some form of it, is asked by virtually everyone who comes to us to discuss their financial problems. The answer is generally straightforward. By the time they came to see us, their credit was already in bad shape! It doesn’t necessarily mean that they have a bad …
Read More »Public debt starts to sound almost as sketchy as payday loans – OpEd – Eurasia Review
By Malachy McDermott * If there’s one thing all honest savings advisers would agree on, it’s that a payday loan is a bad idea. Taking out a high interest loan backed by nothing but your word to pay off your checking account to burn fuel with no capital investment just …
Read More »“Postal banks have helped poor people save a few hundred dollars”
How would you feel about being able to do your banking at your local post office? That’s the question we asked our community yesterday (via our daily newsletter) after posting a guest column by researchers who say reverting to the practice of postal banking – which was available to Americans …
Read More »BlocPal and OneFeather Team to Provide Services Via Mobile Wallets to Indigenous Peoples in Canada – Digital Transactions
As part of its goal of providing unbanked and underbanked consumers with affordable digital access to financial services through a single app, BlocPal International Inc. has partnered with OneFeather, a digital service provider to Indigenous peoples in Canada based in Victoria, British Columbia, to bring the OneFeather app to that …
Read More »Section 13b of the FTC Law for Fair Monetary Relief
In AMG Capital Management v. FTC, the Supreme Court unanimously ruled that Section 13 (b) of the FTC Act does not allow the FTC, in federal lawsuits, to seek fair pecuniary relief. 141 S. Ct. 1341 (2021). However, the FTC can still claim pecuniary relief under other sections of the …
Read More »Congress repeal highlights issues with subprime bank lending partnerships
Following action by bipartisan majorities in the House and Senate, President Joe Biden enacted a measure on June 30 that repeals the “real lender” rule, which the Office of the Comptroller of the Currency (OCC) has finalized in October. Proponents of the rule had argued that it would stimulate competition …
Read More »JPMorgan Chase to Invest $ 150 Million in South and West Sides
JPMorgan Chase will spend $ 150 million on grants and loans to encourage economic development on the south and west sides, the bank said recently. The initiative builds on an earlier $ 50 million investment announced by the bank in 2017. Charlie Corrigan, head of Midwestern philanthropy at Chase, said …
Read More »Big dividends flow from a business backed by payday loans
“Years of sacrifice” Swanepoel said AFR weekend that “to assume or assume” that he or members of his family “personally received these dividends is simply not true”. Swanepoel would not have answered what happened to the payment of the dividend to the family holding company, of which he is a …
Read More »Understanding the Benefits and Importance of Payday Loans
If you are considering taking out a payday loan, it is important to know what they are and how they work. A payday loan is known to be one of the fastest or fastest ways to get cash when you need it. This is an unsecured short term personal loan …
Read More »Payday loan alternatives are becoming more and more available
In perhaps the most unprecedented change, the Consolidated Appropriations Act of 2021, designed to provide financial assistance during the pandemic, included $ 3 billion specifically for the CDFI Fund, which provides financial assistance to CDFIs and institutions of minority deposit (MDI). This amount is almost equivalent to what the fund …
Read More »While some states crack down, Rhode Island still embraces payday loans with the equivalent of a triple-digit interest rate
At a recent event at Tolman High School in Pawtucket, Democratic educators and politicians celebrated a new law requiring Rhode Island students to take financial literacy training. sese Rhode Island General Treasurer Seth Magaziner said the research is clear: Students become more tax-savvy adults when they learn the basics of …
Read More »Congress repeals Trump-era payday lender regulations
Posted: June 25, 2021 / 2:09 PM MDT / Update: June 25, 2021 / 2:09 PM MDT FILE – On this Tuesday, December 29, 2020, file photo, is the United States Capitol in Washington. On Thursday, June 24, 2021, Congress rescinded a set of regulations enacted in the closing days …
Read More »“Rent a bank” fades for payday lenders
Share Tweeter Share Share Share E-mail The regulatory eye on payday loans is tightening. To this end, as reported by the Associated Press, Congress voted to overturn Trump-era regulations that allow payday lenders to circumvent state laws that cap interest rates. In terms of mechanics, the rules, which had been …
Read More »Congress overturns Trump-era regulations on payday lenders
NEW YORK – Congress on Thursday overturned a set of regulations enacted in the closing days of the Trump administration that effectively allowed payday lenders to avoid state laws capping interest rates. The House voted 218-208 to overturn the Office of the Comptroller of the Currency’s payday loan regulations, with …
Read More »Online Payday Loans Market 2021 by Company, Regions, Type and Application, Forecast to 2027 – New Mexico Tribune
Sample download request Credible Markets added a new key research report covering Online Payday Loans Market. The study aims to provide global investors with a revolutionary decision-making tool covering key fundamentals of the online payday loan market. The research report will include the total global market revenue with historical analysis, …
Read More »8 million households risk foreclosure or eviction
President Joe Biden (Photo by Chip Somodevilla / Getty Images) Getty Images A mind-boggling 8000000 households are threatened with foreclosure or eviction. Here’s what you need to know. PUBLICITY Mortgages: foreclosure and eviction The Covid-19 pandemic has wreaked havoc in all walks of life – and housing is no exception. …
Read More »Can startups help India’s poorest escape loan sharks?
The Delta variant of the Covid-19 virus has left a trail of human tragedy and economic destruction in India. As cases steadily decline and unemployment rates slowly recover, India still faces a series of structural economic challenges. As more of India’s poorest people gain access to jobs, poverty premium, the …
Read More »Brett Thompson: Credit unions connect with community | Column
WISCONSIN CREDIT LEAGUE By Brett Thompson | guest column A diverse, equitable and inclusive approach to serving our members and communities is embedded in the DNA of Wisconsin credit unions. Since our inception, we have been guided by the mission and statutes of the state to âprovide an opportunity for …
Read More »Venture capital and finance companies advance in DCI initiatives
Since rolling out this plan, Rocket Companies has also added supplier diversity to its diversity, equity and inclusion efforts, said Trina Scott, Rocket Diversity Director. Speaking to Crain’s in an interview, Scott said Rocket and many other DE&I-focused companies strive to make this part of day-to-day operations. âI think every …
Read More »Good debt you can add to your mortgage
A mortgage is more than a huge, scary debt you have to pay to own a home. This is an opportunity, thanks to historically low interest rates, to get ahead financially, whether by creating wealth or better managing your other debts. First, understand the difference between good debt and bad …
Read More »Advice for young graduates to better manage their debt
Our youngest son graduated from high school today. The other morning I asked him, “What are the most important things you learned in high school?” âWell, daddy, in the story I learned that the Sotheby’s auction house sold a 200 year old piece of Tibetan cheese for $ 1,513 in …
Read More »Justice remains silent on loans | News, Sports, Jobs
CHARLESTON – Gov. Jim Justice had no answers this week on why only seven of his 112 companies were in blind trusts and on the multi-million dollar loans he personally guaranteed to at least two financial institutions. Justice was questioned during his COVID-19 briefing on Tuesday on whether the types …
Read More »The benefits plan offers a lump sum of £ 812 to help you if you have issues with bills
Households struggling to meet their daily expenses might get help from a little-known program called a budget loan to keep them under control. The loan can be used for essential bills, like rent, freight, and even repairs, and is in place to prevent those in need from resorting to payday …
Read More »Are you a financial institution? GLBA Law & Compliance | Oberheiden PC
The Gramm-Leach-Bliley Act (GLBA) is a federal law that establishes various legal requirements for businesses that qualify as âfinancial institutionsâ under the law. GLBA’s definition of a âfinancial institutionâ is extremely broad; and, therefore, many businesses that would not normally consider themselves to be financial institutions fall within the definition. …
Read More »Money = decision making = power for the few
It’s hard for people to understand that there’s more to life than pop culture, because it’s the thing we’re engaged in almost every minute of the day. Our particular society, unlike many others, devotes an infinite amount of time and resources to two aspects of this culture: glorifying celebrities and …
Read More »Meet Buffalo Debt Collectors Charged With Illegal Practices | Crime News
The companies were also banned from debt collection and imposed a default judgment of $ 1.7 million. To pressure debtors, he and his companies are said to have called consumers and allegedly falsely working in law enforcement, usually associated with bogus claims that consumers have committed a crime or are …
Read More »Brickner: Senator Kevin Cramer confuses canceling culture and care
Recently, he wrote a letter to this newspaper to reprimand those who promote âthe cancellation of cultureâ. And, of course, he considers “the left” to be singularly guilty. He wrote: âCancel culture is getting out of hand in the United States. Once precious and protected, American rights and ideals such …
Read More »CFPB’s new agenda freezes more Trump-era regulatory plans
Law360 (June 11, 2021, 8:52 p.m. EDT) – The Consumer Financial Protection Bureau is reversing Trump-era plans to potentially craft new disclosures for payday loan borrowers and will not use its regulatory authority to fix more limits on what he considers abusive behavior, at least for now. According to its …
Read More »Fatfish Group enters the salary access sector with the acquisition of BNPL Next
Fatfish Group acquires on-demand salary provider BNPL Next for more than $ 4 million. Asia-focused tech venture capital firm Fatfish Group (ASX: FFG) is poised to enter the booming Access to Earned Wage (EWA) industry with the acquisition for 4 , $ 14 million from Australian digital finance company BNPL …
Read More »What you need to know before applying for a personal loan
One of the easiest ways to apply for a payday loan is online. You can do the application from your tablet, your computer or even Internet compatible mobile. The good thing is that approval decisions can usually be sent to you within minutes. Many payday lenders offer an online application …
Read More »Former Grab Fintech Company, Tokopedia Executives Raises $ 7.4 Million, Banking News & Top Stories
Wagely, a fintech start-up that gives workers access to their wages in real time, has raised US $ 5.6 million (S $ 7.4 million) to expand its reach in Indonesia. The cycle was led by Integra Partners (formerly Dymon Asia Ventures). Other investors include the venture capital arm of the …
Read More »How To Get Out Of Payday Loan Debt Now
Payday loans can be tempting when you need cash right away. These loans are available regardless of your credit score and provide immediate access to cash that you borrow for a short period. Unfortunately, payday loans are also extremely expensive with interest rates that can be around 400% depending on …
Read More »Pakistani Abhi raises $ 2 million for his payroll platform and joins Y Combinator
Karachi-based payroll advance platform Abhi has raised $ 2 million in a funding round led by Vostok Emerging Finance, it said in a statement today. The equity-only funding round also included participation from Village Global, Sarmayacar, i2i Ventures, Zayn Capital and Portman Wills, the co-founder and CTO of Wagestream, a …
Read More »Jim Hightower: Your Dog Knows Better Than Letting the GOP ‘Fix’ Our Postal System | Chroniclers
It was surprising when Donald Trump said he would make repairing the U.S. Postal Service one of the top personal priorities of his four-year White House adventure. However, it quickly became apparent that he was using the word “fix” the same way your vet uses it when you bring your …
Read More »Is lending money during the pandemic more expensive than before
The outbreak of the pandemic has changed people’s lives in different ways. For some people, the restrictions related to the pandemic have caused them to face serious financial problems. In order for many people to make ends meet during these difficult times, they have resorted to borrowing money. However, some …
Read More »Some of the best places to get a personal loan
Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as âCredibleâ below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. The rates …
Read More »Consumer Groundswell calls for an end to predatory loans that target blacks and other people of color – Free Press of Jacksonville
Charlene crowell By Charlene Crowell /TriceEdneyWire.com – (Source: www.capitaloutlook.com) – Last October, during the throes of the COVID-19 pandemic and its cascading economic downturns, a major federal financial regulator passed a rule that blesses the “rent-a-bank” program where predatory lenders team up to banks to evade government interest rate limits. …
Read More »What to do if you lost your job due to the coronavirus crisis
The global economy has been falling like a stone in the abyss for several months. Unemployment has increased slightly. However, the pandemic has taken a heavy toll on jobs. The number of working hours worked in the world at the height of the first wave fell by the equivalent of …
Read More »Congress advances repeal of short-term loan rule
When Ohio passed a law limiting the fees and interest payday lenders could charge borrowers, most thought it would end the practice of costing people exorbitant amounts of money. But a federal rule has allowed short-term lenders to circumvent state laws. Congress is now working to repeal the rule. In …
Read More »How Nigerian fintech credit startup BFREE is helping Africans repay their loans – Techpoint Africa
In 2019, the Central Bank of Nigeria (CBN) issued a directive to banks directing them to increase the number of loans they make. As a result, there has been an increase in loan requests. With the technology and the rise of money lending platforms like Carbon, Branch, FairMoney and Migo, …
Read More »Detailed analysis of the size of the digital loan market in Florida
According to the report published by Allied Market Research titled “Florida Digital Loan Market by Loan Type (Payday Loans, Personal Loans, and SME Focused Loans), Vendor Type (Banks, Credit Unions, FinTech Institutions, and Others) , loan amount (Less than $ 500, $ 500 to $ 4,999, $ 5,000 to $ …
Read More »Report: Nigeria, South Africa and Kenya are the major FinTech hubs in Africa
Kenya, South Africa and Nigeria are the main fintech hubs according to a report by the State of the Fintech Industry in Africa 2020 speak Africa FinTech Summit alongside EFG EV Fintech. The 3 countries are home to 450 companies and are driven by strong demographics such as early regulation, …
Read More »A financially struggling workforce is a CEO problem. How they can advocate for a cure
CEOs and other high-level decision-makers are no different from the people who keep their businesses running smoothly every day. They too have been kept awake at night during the pandemic, and with many of the same worries – but different ones. A big? Their ability to overcome all uncertainties to …
Read More »Gavel to Gavel: the CFPB is reborn from its ashes | Crowe and Dunlevy
The Consumer Financial Protection Bureau – established under the Dodd-Frank legislation of 2010 – has had a difficult existence during its short lifespan. When it was created, the CFPB was given broad powers and sharp swords to enforce them. The agency was just starting to get to grips with itself …
Read More »CEOs of Big Banks Open to 36% Federal Interest Rate Cap on Consumer Loans
Leaders of major U.S. banks on Wednesday expressed interim support for a federal cap on interest rates on consumer loans, which would likely include payday loans and auto securities. During Wednesday hearing held by the Senate Committee on Banking, Housing and Urban Affairs, Senator Jack Reed, DR.I., asked the CEOs …
Read More »4 important benefits of choosing to borrow with a payday loan
– Payday loans often get a bad rap, especially in the media. However, the truth is that they are also often misrepresented. After all, payday loans are not designed to be a long term solution to debt, but to help people when faced with a financial emergency. Indeed, in this …
Read More »8 great reasons to get a smart loan in Australia
Picture this: you suddenly found yourself in a situation where you need more money than you already have. Maybe you need to repair your car after an accident or you want to do a home improvement. No matter what you need your money for, you can get it fast with …
Read More »Clean energy loans trapped black homeowners in debt
May 26, 2021 Missouri authorities have begun to review and plan to take action to curb programs that provide “clean energy” loans to households. ProPublica survey found that the programs disproportionately overwhelmed borrowers in predominantly black neighborhoods. The Missouri Senate on Tuesday voted 31-1 on a bill requiring clean energy …
Read More »Compensation payments for up to one million Amigo Loans customers at risk after bailout rejected by High Court
Compensation payments for up to a million customers on Amigo loans are at risk after the High Court rejected its proposals to cap abuses liability. The guarantor lender, whose loans are guaranteed by friends and family, has previously said failing to get the cap approved will tip it into insolvency. …
Read More »Advance Paycheck applications: advantages and disadvantages
Paycheck advance apps allow users to borrow a small amount of their expected income, usually for a small fee, and repay it on their next payday. It sounds like a great deal if you need some extra cash between paychecks, and millions of users have accepted it. Although it is …
Read More »Housing insecurity and effective COVID relief
Webinar presented by ACLU SoCal Economic Justice Committee Wednesday June 2, 2021, 6 p.m. to 7:30 p.m.Zoom recording: https://bit.ly/3ujmj5K According to the Eviction Defense Network, approximately 500,000 Los Angeles County tenants are currently behind on their rent. Unless our representatives are convinced to change the current law by June 31, …
Read More »Allied Universal Debt Syndication Highlights ESG Investing Gray Area When It Comes To Private Security Firms
By Michal Skypala Allied Universal, a US security firm, successfully raised around $ 3.35 billion in new debt in May to acquire its UK counterpart G4S. Despite previous controversies surrounding G4S, bullish market sentiment eased the deal’s path to the finish line. Yet some investors have said Debt wirethey chose …
Read More »The pernicious potential of “ buy now, pay later ” financing
If awakening is considered by Generation Z to be one of its virtues, instant gratification can be its vice. Take-out meals ordered by smartphone and delivered in minutes. Films broadcast on demand. And forget to save for a new outfit and hit the stores – buy as many as you …
Read More »Checks Could Change Your Financial Life
Beginning in July, most families with children will begin receiving monthly payments of up to $ 300 per child as part of the American Rescue Plan’s expansion of the Child Tax Credit. Payments are expected to end in December and it is not clear whether they will be extended. But …
Read More »Walrus Club boss criticizes town watchdog for home loans
Disclaimer: Paul Smith of the Walrus Club grew up with his family relying on the ‘Provvy’ leaving the market Paul Smith is better positioned than most executives to speak about the serious financial difficulties facing families at the bottom of the wealth list. Raised in the 1970s, his family relied …
Read More »Debt doesn’t have to be a dirty word
NOTICE: It’s funny when you talk about debt or hear about it in the news, you automatically seem to think it’s a bad thing. Make no mistake, bad debt has caused a lot of financial stress for many families in New Zealand and needs to be regulated further. But sometimes …
Read More »Early Paycheck Applications May Be Risky | News, Sports, Jobs
Paycheck advance apps allow users to borrow a small amount of their expected income, usually for a small fee, and repay it on their next payday. It sounds like a great deal if you need some extra cash between paychecks, and millions of users have accepted it. While it is …
Read More »Online Payday Loans Market Growth, Analysis of Current Trends, Industry Statistical Forecast to 2028 – Brockville Observer
2021-2028 Online Payday Loans Industry Overview: This resulted in several changes in This report also covers the impact of COVID-19[feminine sur le marché mondial. le Marché des prêts sur salaire en ligne résumé de l’analyse par Reports Insights est une étude approfondie des tendances actuelles menant à cette tendance verticale …
Read More »Frydenberg is not for activating responsible lending reduction
“The Morrison government’s changes to this legislation will simplify Australia’s credit framework, ensuring consumers and small businesses have quick access to credit as the economy continues to recover from the COVID crisis,” Frydenberg said in a press release. âThe reforms aim to improve efficiency, reducing the time and costs associated …
Read More »Checks That Could Change Your Financial Life
Beginning in July, most families with children will begin receiving monthly payments of up to $ 300 per child as part of the expansion of the American Rescue Plan Child Tax Credit. Payments are expected to end in December and it is not clear whether they will be extended. But …
Read More »The size of the online payday loans market will increase dramatically during 2020-2025
The market research report has published a new research study on the analysis of the Online Payday Loans Market 2020-2025 comprising one or more factors covering regional opportunities, application landscape, demand trends of products and industry end-use portfolio over the forecast period. The report also describes the competitive framework of …
Read More »Liz Weston: Checks That Could Change Your Financial Life
Beginning in July, most families with children will begin receiving monthly payments of up to $ 300 per child as part of the expansion of the American Rescue Plan Child Tax Credit. Payments are expected to end in December and it is not clear whether they will be extended. But …
Read More »Online loans: Paternalistic liberals want to end a valuable service
(Sviatlana Lazarenka / Getty Images) But what should millions of Americans do without a credit card or bank account? Inot In 2017, the Federal Reserve estimated that one in four American families did not have enough savings to meet an unexpected expense of $ 400. Since the pandemic lockdowns, that …
Read More »Bureau AG’s consumer protection section has recovered $ 403 million since 2014
Posted Sunday May. 16, 2021, 8:14 p.m. Join over 100,000 AFP subscribers on Facebook Buy an AFP subscription Subscribe to AFP podcasts on itunes and Spotify News, press releases, letters to the editor: augustafreepress2@gmail.com Advertising requests: freepress@ntelos.net (© Tiko – stock.adobe.com) The Attorney General’s Office Consumer Protection Section has clawed …
Read More »Top 3 Investment Moves You Can’t Afford To Skip Personal finance
When it comes to your financial goals, building and maintaining an emergency fund should only be second after paying your bills. Figure out how much you want to save and set aside your extra money each month until you hit that amount. Then you can focus on the investment. And …
Read More »Online Payday Loan Market Size and Share
Online Payday Loan Market Size And Share | Global Forecast Report 2026 The latest report on the Online Payday Loans Market puts businesses a step ahead by offering accurate forecast for this vertical on a regional and global scale. It involves a top-down assessment of different industry segments, highlighting current …
Read More »Slick Cash Loan network of direct lenders offers online cash advance service
Slick Cash Loan offers an online cash advance service through its network of direct lenders. Slick Cash Loan, the loan service renowned for providing fast loans to individuals who need urgent cash, has added additional functionality to its range of offerings. The company offers an online cash advance service through …
Read More »Unemployment benefits do not create a labor shortage, they empower workers
As businesses began to reopen, we have been subjected to more and more bribes from business owners, especially service-oriented restaurants and similar workplaces, who insist that ‘they are facing a labor shortage. The argument, some argue, is that unemployment benefits are too generous and discourage work, preventing employers from hiring …
Read More »It’s not that people don’t want to work, it’s that work is broken – Next City
It’s not that people don’t want to work, it’s that work is broken Social media has been abuzz this week with restaurants and hotels claiming they couldn’t find enough workers to fill vacant jobs – a study by Conservative-leaning NFIB said 44% of companies were short of employees. Republicans have …
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