The D.C. Council is considering a bill that would bar businesses from performing credit checks on job applicants. Supporters of the legislation say credit histories can be inaccurate and indicate little about workers’ character.[...]
“Our research shows poor credit more often tells a story of personal misfortune far more convincingly than one of poor work habits,” says Amy Traub, a senior policy analyst at Demos.[...]
According to the Demos report, credit checks were never intended to be used for hiring.
Like teens gathered around a slumber party campfire, pollsters and news outlets appear to be turning toward a giant game of “would you rather” to help understand the student debt mess.
The good news: If you’re the parent of a college-bound student, it could be cheaper to send your young person to an Ivy League school than to your friendly neighborhood public institution, a potential bargain for families struggling to pay for tuition, room, and board.
Student debt is a crisis, holding back the economy and hobbling a generation. Wonder why today’s young adults aren’t getting married, having children, buying homes, starting businesses, saving the world? Look no further, the culprit is obvious. That’s the conventional wisdom, and it’s taken for granted in many news articles and plenty of policy prescriptions.
On Labor Day, let’s all take a moment to thank our bosses for the rights and benefits they have so generously granted us.
Oh wait, that’s right. Decent wages and working conditions were never gifts. Workers organized, fought, and in many cases died for each and every improvement in our working lives. And workers are fighting today—to protect the rights we’ve won, and to advance new and needed labor laws.
When environmentalists speak of climate change, they often talk of “future generations.” But generations already here are poised to suffer long-term consequences. Climate change will affect millennials drastically—including in their wallets.
For the past year, Albuquerque has been experimenting with a pilot jobs program for its homeless population called “There’s a Better Way.” The initiative began as a push to connect the homeless with shelters and other assistance providers, but within a few months of its launch, the city also started offering needy residents $9 an hour to perform menial labor such as cleaning up litter. The program also offers lunch and overnight shelter to participants.
When the Labor Department ruled last week that 674 workers in the cafeteria of the United States Senate had been denied their full pay in recent years, the contractor that runs the cafeteria said it was an accident. The workers said it was deliberate.
The editorial makes the case that we have more of a nuisance than a crisis on our hands. It misunderstands the entire point behind the push for debt-free public college.
Despite lore from parents and grandparents about the caddying jobs or serving gigs they used to pay for school, today’s young adults know the idea of working your way through college is about as antiquated as milk delivered daily in glass bottles or Mad Men-era martini lunches.
More bosses are weighing the credit worthiness of job candidates before making a hire — a practice that some lawmakers say unfairly keeps people with bad credit from landing a job.
On Thursday, the Senate takes up a proposal to restrict employers in most cases from using financial information such as credit scores to decide whom to hire, promote or fire. [...]
If nearly 70 percent of graduates are borrowing, 30 percent (including 35 percent of public college graduates) are not. Who are these students? What type of family or financial resources do they have at their disposal? What are their work habits? In short, what does it take to graduate debt-free these days? This brief answers these questions.
Talent is equally distributed, but opportunity is not. And while many Americans believe fervently and faithfully in expanding opportunity, America’s internship-industrial complex does just the opposite.
If the twin threats to public pensions continue, African American retirees may lose much of the retirement security they’ve gained over the past half-century.