What's the catch, Walmart to allow their employees to take payday advances.

This sounds like a good idea initially, but upon further reflection I can't help but wonder, if Walmart is conceding the financial insecurity of its employees, than why pay these startup companies to facilitate what they are calling Earned Wage Access (EWA), why not just raise your minimum wage? It's hard to read the Bloomberg story (link below) and feel all warm and fuzzy inside when familiar with Walmarts past policies. (Dead peasant's policies on their employees, treatment of employees who've looked into union representation, no notice of store closure to employees, etc., etc.). What is your take on this story? It has to benefit Walmart somehow or they wouldn't be doing it. https://www.bloomberg.com/news/articles/2017-12-13/wal-mart-to-allow-workers-early-access-to-pay-via-fintech-accord

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  • Anonymous
    published this page in Ask Prof. Wolff 2017-12-14 23:17:00 -0500