Today, six in ten employers say that they check the credit histories of some or all prospective employees before making final hiring decisions. This traps many jobseekers in a devastating catch-22.
The first platform committee meeting for the 2016 Democratic National Convention, featuring representatives from both campaigns as well as DNC neutrals, took place on Wednesday. Their deliberations will likely feature tough negotiations on a range of issues — a $15 minimum wage, fracking, the legitimacy of giant banks — that were points of contention during the campaigning, helping clarify the political and ideological shift that has taken place in the party since the mid-1990s when Robert Rubin was its intellectual lodestar.
It’s not every day that low-paid workers — cleaners mopping the floors of Washington’s Union Station, vendors selling pretzels at the National Zoo, servers dishing out hot lunch at congressional cafeterias — speak out and win a voice in setting national policy. Yet three years ago, that’s exactly what began to happen.
In May 2013, workers employed by private companies under contract with the federal government came together to form Good Jobs Nation – and walked out on strike in the nation’s capital.
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.
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. [...]
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.
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.
CINCINNATI (CN) — The state of Ohio, a key battleground state in this year's presidential election, told a Sixth Circuit panel on Wednesday that it believes it has the right to purge from voter registration rolls anyone who hasn't voted in consecutive federal elections and did not respond to inquiries about a change in their address, regardless of the reason.[...]
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.
Amid soaring inequality and stagnant wages, consumers in the United States collectively accumulated a stunning $34.4 billion in credit card debt during the second quarter of 2016 alone, according to a new report from the personal finance website WalletHub.
Federal deficit hawks in Congress, driven by ideology and the campaign donations of, for lack of a better term, millionaires and billionaires, held yet another hearing last week about the national debt — but U.S. lawmakers continue to ignore the debt that is causing real trouble for the nation.
The debt danger Americans should really worry about comes from credit cards and student loans.[...]
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.
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.
Native Americans rank lower than any other ethnic group in the US for voter turnout, and it’s not because they’re less passionate about voting. There’s a long history of changes in voter rights laws in several states which has made it harder for them to take advantage of this constitutional right.
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 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.