A growing number of companies are helping workers gain access to payroll advances and loans, reflecting concern over the impact money problems are having on productivity levels and worker retention.
Employers including Walmart Inc. and Pima County, Ariz., have recently added these services. The aim is to help cash-strapped employees, many with damaged credit, cover unexpected expenses without resorting to high-cost debt.
annetergesen I'm not on any payrolls I've had a total of $1200 in 2019 due to suppression by sabotage network and their campaign of lies
annetergesen Why not just pay workers more? Oh, but that may affect executive bonuses.
annetergesen Kartarpur to be inaugurated today on November 9
“How do we cut more”
Lemme get this straight they noticed a majority of their workers couldn't live off the wages they we're being paid so instead of idk paying them more they offered them loans they already know they can't pay?
If the Democrats win in 2020 it will be bad it will be real bad it'll be worse than it is now they want to tax you 90% of your pay how's anybody going to even break even with taxes 90% of their pay
Wages are growing under Trump.
That is called rampant slavery, not advanced pay, advanced for life debt
How about they just pay employees enough to live on in the first place?
How about paying them a living wage?
time to break out the slicey boys
Exactly, a clever way designed to keep the poor employee at the mercy of the corporate slave masters 😡
It is because of the labor shortage caused by the booming job market. Say thanks to realDonaldTrump, please.
Lol probably not a positive move.
From the land of no shit Sherlock. When CEO pay goes up 400% or more while the wages for everyone else is stagnant this is what you can expect.
Where is the Wallstreet Journal coming up with that conclusion?
What the actual fuck
So they offer their employees loans they know they can’t pay off because they don’t pay them enough wages to do so. HOW exactly does this make sense?
You load 16 tons and what do you get Another day older and deeper in debt St. Peter, don't call me 'cause I can't go - I OWE MY SOUL TO THE COMPANY STORE Truth then, hope not again.
Super grift!
Lift the 40 hour work week limit. Employers don’t give over 40 hours because nobody wants to pay 1.5x the rate. Make 55 hours new limit per week. Every small and big employer will welcome this and every proactive employees will also welcome it.
Middle class jobs have eroded and won't return. This is the new normal. College educated isn't as advantageous as before. Times have changed.
It is not Walmart employees, dont be ridiculous Wall Street Journal. It is 63% of the population who do not have $500 dollars in the bank for emergencies.
Perhaps a higher wage, better working environment and hands on training of how to truly manage money & stay out of debt. Help them. Don’t enslave them to debt. DaveRamsey would be a great place to start.
🤦♂️ It doesn't require an MBA to figure this one out
And THIS is their solution? Not paying people a living wage THIS IS NOT 'CONCERN,' NOR IS IT HELPING ANYONE, WSJ.
sounds like china 1 loan 1 bribe
just a suggestion*
that’s husslin backwards, pay them regular salary at 40 hours a week and increase ot dependent stock performance or ect.. take care of your employees and the revenue will follow.
With up to 36% interest!!!!!! I'm flabbergasted
Walmart was jealous that other companies were getting an income stream from their underpaid employees. If they really ‘got’ their employee’s plight they would pay them more.
Late stage Capitalism has figured out how to make money off of not paying their people enough. Disgusting doesn't even begin to describe this.
Try giving them a goddamned raise.
Benefit is a weird fucking way of saying 'We ain't gonna pay em more so fuck.'
Loans and advances aren’t pay increases, which are the real answer to the employees’ problems.
I’m sure the Walmart Payroll department - which is largely manual - will love this extra work.
Just realized? Do the math!
Pay them more of the money they earn for you.
Call us when they wake up to the fact it's their fault
Only one possible answer to this…
Next, they’ll offer tenement housing and we’ll be right back to early 1900’s again. Then they can hire the kids, too
“Woken up” What about AWAKENED. This is the WSJ for goodness sake.
How fortunate for the employers that under the Trump administration investigation and enforcement of payday loan firms has been abandoned. What an unplanned stroke of good luck!
Tbh most people would never ask, cuz it makes the employee look bad. Thats why theyll go to family, payday advance places and everything else b4 ever asking an employee
infinite_scream Please.
I believe one of the biggest expenses that could be done away with people that are struggling is discontinue their smart phone this alone would save $1500 a year. Next thing I would do is have them tear up their credit card % is ⬆️ Pay cash or no buy.
Jesus it's like y'all are *trying* to make angry reform inevitable.
Perhaps a better alternative is to look for ways to lower taxes.
Walmart and amazon are replacing them with Robots.!!! All are corporate profits... CNBC CNN ewarren BernieSanders
Sounds like indentured servitude or share cropping. Buy at the company store and stay in debt forever.
Well, we'll see what the tipping point looks like. Likely not in my lifetime, but there will be a tipping point.
this should be illegal.
PAY 👏 THEM 👏 MORE. Don’t financialize poverty even more!
Vulture capitalism business model. 😐
So instead of paying them a livable wage corporations instead decide to offer employees loans to put them into more debt? Am I understanding this correctly?
Yes, by all means help them dig a little deeper into debt!!
Why not simply the whole process and just pay them in scrip for the company store?
all should walk.
'This kicks ass,' the employers say
That is that’s is probably true but you also need to look at their expenses. What debt or expenses they could give up. When my wife and I decided to have kids we gave up many luxuries we could have had for our family to be started.
cindygallop I have no idea how they're trying to spin corporations getting into payday loans as 'waking up to poor employees'. I mean yeah, I guess they woke up to a new way to rob them.
PAY MORE
Just raise their wages (without cutting hours you ghouls)!!!
𝐓𝐫𝐮𝐦𝐩 𝟐𝟎𝟐𝟎 𝐂𝐚𝐦𝐩𝐚𝐢𝐠𝐧 𝐀𝐝𝐯𝐞𝐫𝐭: 60 sec local media buy midwest/south only
The problem is not the pay, it’s the cost of living being greater then the pay can afford. People can only lower their standards so much to not spend beyond means. I’m more worried of affording retirement yrs then now. Just make sure I can do that well.
Finally! They've been too busy counting their money.
How about just paying your employees a living wage?!
🎶 I owe my soul to the company store... 🎶
debtslave
What if they just paid a living wage?
You could put Walmart and other slavery companies on their knees if the whole country got together as a unit. Right to their knees!!
That seems like a bad idea.
Genius, they have adopted the government's kick the can philosophy. Ever think this will cause top down control once the employee is indebted? This is perfect for socialists, Gov controls business, business controls the employee. The Steel Ceiling is in place. tt:MariaBartiromo
Try raising salaries of employees while freezing executive salaries. Wasn't the truptaxcutscam supposed to lift salaries?
'benefit'
Slavery never ended it just became all inclusive .
Loans are a profit making business move, not a helping people move. Everyone who works at payday loan places, also uses payday loan places, to give an example of the spiral we're all on. What you people call the economy is a meat grinder for human beings and it has to die.
Sounds like indentured servitude to me.
🎶St. Peter don’t ya call me ‘cause I cain’t go...🎶
Employers wish to place employees into worst life styles imaginable. It has been this way since the Industrial Revolution. Now they want to put the employee's deeper in debt rather that pay a decent wage.
No shit Sherlock. “I make millions because I pay my workers shit wages, and I buy favors from politicians.” Wish these corporate psychos could just be honest.
Pay people better.
That's right. But who will fix it? Not DUMBO trumpo
Oh goody, so employers will now become creditors, leaving their employees even deeper in debt. Imagine getting laid off AND owing your old job money. And all this to avoid having to actually pay them enough to live on.
Isn’t that the first step to indentured servitude? Next they’ll be working in the “loyalty centers”
How about paying living wages and a 36% interest rate should be illegal. For any company charging its employees a high interest rate the employee has to understand that they are taking a substantial pay cut.
Payroll advances are a giant sc, if somebody lives week to week, how does giving them next weeks check this week help?! How does loaning them money help, it only perpetuates their poverty. PAY A LIVING WAGE!
Great a predatory pay day lender who happens to be your boss.
Pay them more! This is stupid..
Oh, as if employer payday loans are the answer! Just another tool to evade responsibility and make money on their cheapness.
Just pay them a decent living wage. Have they thought about that?
This is debt slavery.
Payday advances and loans may treat the symptoms. How about a cure? Thousands of businesses are offering MySmartDollar as a benefit, and the results are nothing short of incredible.
So now we are going back to the ole' 'I owe my soul to the company store' bullshit? Good grief, we are truly bound to keep repeating history... smh.
This won't end well.
Saint Peter don't you call....
Sooooo instead of paying them more we’ll offer them payday loans Thats the plan here? TotalBS
They knew and they don’t care, financial slavery is real
“Of course we could just pay you more but, and hear us out here, how about owing us money instead and if you can’t keep up with the interest repayments because of your low pay well never mind you can always offer up your firstborn to work off your debt too.”
This sounds disturbingly close to the company store in a mining town advancing credit for food and necessities until the miners themselves were little more than debt slaves. Paternalism can be a shield for dependency. Independence is what is needed.
Over 50% of Americans make less than $19/hour!!! $19/hour, THATS IT! Meanwhile over the last 40 yrs-
Correction: With 6 million unfilled jobs, more employers need to pay more to keep staff in their current jobs.
I’m pretty sure employers (like Walmart for example) did not just wake up to this fact. They intentionally screwed their workers all this time and are “waking up” because people have had enough and are demanding fair and livable pay. Time for them to pay up
KateMcKinnon, SNL: 'Coulda been sooner.'
Are you working to enjoy your life or just to survive?
That’s simply because they are living beyond their means!
WOKE UP after the majority of the U.S. economies wealth was in their bank accounts!!!
We need a $15 minimum wage so bad!
Cool Tweet about why capitalism should die 💀
Every worker at every job especially big corp companies not making a living wage should walk off the job None of these business's can survive without workers.
So these greedy-ass companies decided that saving money by paying starvation wages wasn't enough. 'We'll pay them nothing AND loan them money to put food on the table. KA-CHING!'
This is the modern equivalent of the company town, where people were paid in company scrip that could only be spent at the company store. Except it's also debt slavery, like in the good old days of the 1700s.
“benefit”
Those are not benefits, but the practices of a predator.
The revolution can't come soon enough.
So instead of paying more, they encourage employees becoming indebted to The Company Store. Where have we seen this before?
'You mean putting shareholders first hurts our workforce?' *clutches pearls*
The new feudalism is a lot like the old feudalism.
'Employers have woken up to the fact that even with stingy starvation wages a majority of their workers still aren't exploited enough - and they've decided to sell perpetual indentured financial servitude as a 'benefit' because they are dead inside'. Sociopathic predators.
Can’t wait to spend my company script at the company store at a company markup.
Oh cool, love to pay interest on my own fucking paycheck
Those aren't benefits you scurrilous windbags. They're yet another attempt to fleece the poor.
Not the sharpest Tools in the shed are they?
PAY WORKERS A LIVING WAGE INSTEAD OF PROFITING OFF THE POVERTY UNDER PAYING THEM PUTS THEM IN!!!
We have the same mentality in Australia. Government often speak about 'opportunity' while wearing a $4000.00 dollar hand stitched suit on T.V. talking to working people who are financially burned out.
Sixteen tons, and what do you get
When if comes to labor, the WSJ & like-minded completely, MAGICALLY forget about the law of supply & demand.
Anything but paying us a living wage for our time and labor. What's next? Indenturing one's 1st-born child?
'Employers waking up to the fact that workers are human beings who don't exist solely for exploitation'
That sounds scummy that employers are getting into the PayDay loan business, which commits acts of usury.
So, they exacerbate the problem by offering PAYDAY LOANS? One more way to exploit workers.
Payroll advances & loans do not help people get ahead. They may help in a pinch, but they do NOT solve the bigger issue: MANY AMERICANS DO NOT MAKE A WAGE THAT CORRESPONDS TO THE COST OF LIVING!
SO PAY. THEM. MORE.
Oh what could go wrong Companies automated you out of jobs Now they will rehire you with a significant pay cut Lend you interest over interest Over time to automate your jobs again How you pay them back? Your house. Another financial depression? Bye bye savings investment
This is beyond disgusting. Underpay folks leading to them feeling forced to take loans and then charging them up to 36% interest on the loan. A cycle of poverty all propagated by the employer.
Hi! This is evil.
I think that if they stopped spending so much on their watches in a futile and ultimately self-harming effort to show up their bosses, why-- they'd have more than enough left over for the occasional dinner and a show!
How about paying a fkn decent wage
CandaceTX Or they could pay a living wage. Just a thought.
How about just paying a bit more?
I owe my soul to the company store.
Funny, I was just reading in the Krupp biography about their not realizing the lengths to which they didn't realize their methods made employees unproductive ... one Russian who sacrificed his hands under a train's wheels was cited for 'work sabotage.'
Has no one followed history? This was done before-robber barons & coal mine owners set up company shops, provided pay day loans....AND UNIONS HELPED STOP THIS BULLSHIT!!! They are already getting rich off you, worker bee, don't be beholden any more than you need to. LaborDay
Who on earth thinks this is a good idea?
Not helping...
At what interest rates and/or fees? Perhaps they could wake up to paying their employees a living wage. LaborDay
This is potentially predatory. What are the terms? How about a living wage?
Catballou How is a payday loan a “benefit”.
Surfdom isn't a benefit.
As long as it doesn't involve paying a living wage 🙄 “Anything we can do to make the economic lives of our workers more stable benefits us” in the form of higher productivity, said Mr. Elías.
Mind blown.
How about you actually, you know, PAY A MUTHAFUKKA SOME DECENT WAGES. Win win for everyone!! Foh
ah yes because what minimum wage workers need most of all is ... more debt
That is a terrible idea and should be illegal. This is just like those high interest pay day loans. They take advantage of those who can least afford it.
Now that’s some BS right there. You just know that these bastards are gonna charge overly exhorbitant interest rates thus keeping their employees on the “payroll” trying to pay back these “loans”! Foh
How about just paying a living wage?
dianesbaker1 WSJ OP-ED Finally reporting from this century. Welcome.
This is sick. Why not just lock a collar and chains on their employees and dispense with the fantasy that they’re “helping” them.
Walmart How do you live with yourself? How much money do you need to have?
Working to pay the company store. That seems problematic. Not being paid enough so you can borrow from the company. Is the company unable to pay a livable wage but has money to loan? What's the interest rate? Work for the man and end up owing more than you can make
Wasn't this called sharecropping? It was wrong in the past and it's wrong now. These companies need to pay more.
Are they charging interest? They do know the employees are still struggling b/c there is no increase in pay, right? This is absolutely ridiculous!
“I owe my soul to the company store”
They’re starting to get it: if everyone but them is poor, who will buy the garbage they are trying to stay rich selling?
Sounds like a new version of the company store. Calling it a 'benefit' doesn't mean it isn't exploitative. Workers don't need access to payday loans, they need a wage that allows them to get to the next paycheck, FFS.
Because nothing works better than not enough money, than having not enough money in advance. PAY THEM A LIVING WAGE TO START WITH!
This is a sickening idea!
How about a little higher pay advances and lians sounds like predatory lending.
I owe my soul to the company store.
Walmart charging interest to underpaid workers for payday loan advances is not a *benefit* The Walton family are capitalist vultures.
Uh, pay them more, you draconian villains?
Then pay them more laborday peoplewithoutmoneydontshop
After reading the article why not just give your employee's a Raise? Companies like Walmart if they are so concerned about their employee's low income that they have to borrow money to get by can certainly afford to give a Raises.
Yea I said it and meant it
Yea this ain't new lol. They are just too stupid and continue to work for crumbs so cooperations take advantage of this and live wealthy as their workers for most part live in poverty 🧐😳🤫🤐🤔😂😂😂😂🤬🤬🤬🤬🤬😡🤬🤬🤬🤬🤯🤯😜🤬🤬🤬🤬
WTF AMERICA?
Anyone who takes a loan will be indentured to the company. And the company is making more money off employee's earnings. This should not be allowed. Resistance
Oh cool, indentured servitude is back!
Or, this is crazy, but hear me out-they could pay them more!
The New Company Store!
Why pass on profits (raise wages/benefits) to the workers when you can just offer payday loans! HappyLaborDay
Unbelievable. Predators
Lower turnover? More like usury: the employee owes their soul to the company store.
that is not a benefit. that is a scam.
Got_It 👍🏻
“St. Peter don’t you call me ‘cause I can’t go. I owe my soul to the company store.” - Merle Travis
Benefit? Wow, how nice of them. They’ll lend you the money they should probably be paying you in the first place.
They really can’t hear themselves.
If they are already having problems a high will just make it worse. Take less on multi million bonuses and give your employees a livable wage .!!!!
We need AndrewYang
I can’t wait for the next WSJ story of how Walmart is disrupting the benefits world by only paying their employees in company scrip
Payroll advances? This should not even be an option or legal. How about a raise, you greedy d*ckwads.
How in the world does that help, only makes them property of employers.
'benefit' 'paycheck loan offered by employer' Someone is confused about the meanings of words
solusnan1 How about better pay? Soon you will be working for free don't do it.
nitagale So while taxpayers cover food stamps and other subsidies for WalMart and other companies underpaid workers the companies will make interest off these payday loans and get even richer?
Something something GUILLOTINES
I worked 3 jobs of minimum wage just barely paying the bills and couldn’t afford to save a dime . One of my jobs was at Walmart, the other was at the shopping mall, and a security guard at night.
How how pay people a living wage and decent benefits rather than becoming pay day lenders? LaborDay2019 workforce annetergesen
Translated: “We’re already paying obscenely low, poverty wages, which qualify a huge percentage of our workers for public assistance, essentially forcing taxpayers to subsidize our crappy pay, but now, Bob has figured out a way we can exploit their poverty even further!”
Employers have woken up to a new way to exploit their workers.
Ok so they don’t want to pay living wages to employees, who in turn have to “borrow” against their pay. Which the employer then charges to lend the money. So basically you are paying the employer for the opportunity to work for them. WalmartPayDayLender
Just give these minimum or near minimum wage employees the 6% to 36% in pay raises.
wow. so capitalizing on/taking advantage of their circumstances is the answer?
Walmart’s low-wage workers cost U.S. taxpayers an estimated $6.2 BILLION in public assistance including food stamps, Medicaid and subsidized housing
American workers don’t need their employers to be loansharks, they need higher wages and they need them NOW!
Enable the poor to keep them poor
Oh keep ripping them off, and then put them into debit to survive!
These billionaire bastards are offering loans & payroll advances, wtf?! How about a living wage & annual raises higher than the 1% or less they normally give. This article is a joke.
Loans. People aren’t making enough to get by so the answer from the companies is....more debt? Fuck capitalism, seriously.
Oh Jesus🙄
This is a picture of a Wal-mart employee. Wal-mart is subsidized by taxpayers.
..🎼🎼at the company store🎼🎼...
Payroll advances and loans? No way that can go wrong.
This story. You think this is a story to run on Labor Day?
No doubt there is interest involved here. Maybe if they just paid them a living wage? Just a thought.
_dralaterdzo USA greatest con on earth. 👉Trickle down to off shore accounts.👈 Walmart greedy heirs worth $140 B only have given 0.04% of wealth to charitable 'foundation' & WON'T pay their employees well.Walmart WalmartWorld WalmartInc Most of what Walmart sells is plastic junk.
🧛🏻♂️🍷
Thanks but no thanks to wage slavery.
Cool, only took capitalism about a century to reinvent the debt peonage system pioneered by Company Stores in mine country at the turn of the last century.
Debi129 So rather than offer a living wage, they offer debt. Awesome. 😡😡😡🤯🤯🤯😡😡😡
Really? How can you tell? This is disingenuous at best WSJ. They know exactly what they're doing. We'll soon have old timey coal towns where only the employers 'money' is good for items.
Disgusting.
or they could pay them more. crazy idea, i know.
Yet they still oppose wage increases. I see a wholesale return to the 'company stores' of which Tennessee Ernie Ford sang. Indentured servitude enforced by financial conscription.
How about you pay your workers a living wage.
No. Nonono. Nopitty nope nope. This is company store bullshit resurrected from the bullshittiest of bullshit days, brushed off, given a new coat of shitty pea green paint, and named a benefit. Do not do this. If your workers can’t make ends meet, pay them better and allow unions.
Those lucky duckies, being able to have their employer loan them some money at an affordable rate
You could give everyone in this thread a million dollars and unless they change their spending and saving habits, most WOULD be broke within 6 months.
I’m old enough to remember when debt peonage was illegal
Loans and advances need to be paid back, you idiots. If one of your employees cannot make itbon his current paycheck, how will he make it on the paychecks that have loan/advancements taken out? SMFH
Payroll advances will NOT get you ahead!! OMG! Bad advice. DO NOT DO IT PPL!!!!
This is a joke. Now we are touting this as a benefit? That people live one unexpected event away from bankruptcy and their employers found a way to cash in on that? GTFOH
EatTheRich
Only in the WSJ is charging employees interest on loans instead of raising their wages a “benefit.”
Great, The Company Store mentality. What could go wrong?
It’s the new “owing your soul to the company store.”
This is why we need the Fredom Dividend. That way every American has a portion of their income that is independent of their employer. It’s harder to take advantage of someone who isn’t completely dependent on them. This takes place in AZ who has increased minimum wage. YangGang
RepKatiePorter explains beenThereDoneThat
Bring back a strong labor movement. VoteBlueToSaveAmerica
Always ready to earn 'interest' and put average workers in debt. Gotta love capitalism.
cheap labor...the master plan...
They'll die in debt to their employers now? Feudalism is the the GOP agenda.
How about pay them more rather than charging them a fee to pay them less more often?
...St.Peter don't you call me 'cause I can't go, I owe my soul to the Company store...
How the fuck does this help anyone that is struggling with getting by on their current pay?! Payday loans are not the answer to the disgraceful income inequality that exists in America. Maybe try paying the CEOs a lil' less...
Should say more FatCat companies are helping their workers go deeper in debt rather than pay them a living wage.
There's always a song:
Make Indentured Servitude Great Again
Do you think we are all blind? This isn’t a benefit it’s a noose, so employers can leverage the power of the state to make it impossible for low wage workers to quit. Indentured servitude
The note is about how the companies are going to screw their employees
How the fuck are they supposed to service loans secured by their future wages if they're having trouble 'getting by'?
You have GOT to be fucking kidding me with this! 🤦🏼♀️ With the current wealth gap competing with the Gilded Age, here’s a novel concept—pay your workers a living wage, you selfish and greedy CEOs and shareholders!
Bread for today hunger for tomorrow.
Can indentured servitude be far behind? After employees can’t repay their Walmart cash advances, then Walmart can simply own them, putting them to work in stores paying off their debt. What a great idea for the Walton Family.
This is gross
This is the worst idea ever! Better ide would be to increase wages and offer employees a financial literacy program.
Have they woken up to the fact that it’s their fucking fault and they should fix it instead finding new ways to scam their employees out of money. No one scams their employees more than those scumbag waltons already do as it is
Imagine charging someone because you didn't pay them enough.
Your employer pays your salary, is responsible for your healthcare plan AND you owe them money Land of the free
So they are now in the payday loan business?
Instead of paying back more money, in interest, why not a fair wage to begin?
A better benefit would be better pay.
No. They knew that already - obviously. They just found a new shamelessly exploitative revenue stream to feed their insatiable greed. How absolutely disgusting.
Oh fucking hell. The return of the Company Store?
The gall to have this come out on Labor Day. 🤦♀️
Hahahaha Hey WSJ, when are they going to wake up to the fact that we're mad as Hell that they want nothing more than to put as much distance between us poor workers and their fat-cat asses.
... You are an outdated publication if you think these “benefits” are more than just delayed poverty. Payroll advances and loans are enticing to many, but end up just being a tax on low wage earners. COLA is a much more effective tool, if handled properly.
Time to resurrect this oldie but goodie. “You load sixteen tons, what do you get? Another day older and deeper in debt Saint Peter don't you call me 'cause I can't go I owe my soul to the company store”
Why not just pay them a living wage? A wage that’s in line w/the rising cost of living. The majority of folks struggling are proud, work hard &aren’t looking for a handout.They want to stand on their own 2 feet. Exec pay is soaring yet the worker bees continue to be paid peanuts.
wtfpuertorico Really This is disgusting 😒
Bad headline. Please see dictionary for definition of 'benefit'. Then, re-evaluate who benefits from this.
Interesting way to retain employees. Happy Labor Day all and F*ck Walmart.
capitalism is a cancer on humanity
Seeing as the company controls their workers' wages, they didn't just 'wake up' to the fact, odds are they planned that fact.
“Employers have ‘woken up’ to the fact that they pay their workers such low wages that many have to resort to predatory loans to survive, so now figure they should get in on the game as well”
Advances and loans won’t help.
F*CK payroll advances and loans! Give your workers a raise! Employers who can afford it would be doing themselves a favor if they gave their employees a livable wage.
Oh, great, it’s the reincarnation of the company store.
Payroll ads Vance to float you money to pay bills. This sounds indentured servitude to the employers. I have a novel thought, how about stop with the greed and pay employees a livable wage with cost of living increases. WSJ posts this ish thinking this shows benevolence, foh
OMG. Disgusting.
PlugInFUD Employers introduce a new way to victimize their employees for profit.
Or they could just pay them a living wage
Wow. Profit center based on underpaying their employees in the first place.
🎵🎶and I owe my soul to the company store🎵🎶
🎶 ...St. Peter don't you call me, 'cause I can't go, I owe my soul to the company store...🎶
Not a benefit.
/r/aboringdystopia
Ahh yes, the benefit of being employed by vultures.
when your employer is also your loan shark...
Omg. I sold my soul to the company store! Gall dammit. Eat the fricken rich.. They are parasites.
Next up giving them a raise but only paying them in company scrip
This sounds awfully close to old, forgotten practices of usury and feudal systems. You’re always indebted to the company and live a poor life.
In the alternate, maybe offer better wages 🤷♀️
Preying on the poor is what these rich assholes have been doing since capatalism started
How about pay them a living wage? Like duh.
Sounds as good a rationale for collective bargaining as it gets. In numbers, there is strength, folks. LaborDay
Bernie2020
Why not, and hear me out here, but why not increase wages?
A better benefit would be better pay, but these employers would rather put their employees further behind the 8-ball & call it “helping them.” What next-the company store? Paying employers for the privilege of working? Read the fine print on your pay stub, question everything!
Let's remember that socialism is worse than this SOMEHOW because starving even though you're working a full-time job with your boss getting rich off your labor is absolutely impossible under capitalism
Maybe they could also take out life insurance policies. They could collect after they work them to death...
Sounds like the good ol’ company store. A new way to exploit underpaid workers
Welcome to the a new era of indentured servitude.
Disgusting.
Walmart sees people drowning... Offers to sign them up for swimming lessons at a discounted rate. 'See? We're helping!'
That's not a fucking benefit that's predatory. Drive them into poverty then force them to be indebted to their own employers? Evil.
it's a benefit. That means it's good. Why do you people have to put such a negative spin on everything?
System failed. Time to overthrow.
'I owe my soul to the company store'
in other words, they are capitalizing on the situation. that's capitalism for ya.
A payday loan isn’t a “benefit”
Another variation of “I sold my soul to the company store.” This is NOT the answer. Pay a living wage!
Employers may consider giving them a raise. Pathetic!
Yeah so work for a shitty company like wallmart and be under payed a take a loan for money are u kidding me the biggest realtor in the country how about more pay i mean really
Especially if you work at Walmart.
annetergesen Employers who float loans to employees who can not get by are only using it to get richer with interest rates. ⬆️wages‼️
The retail & warehouse industries don’t pay employees high wages because the job qualifications don’t require a College degree or any certified skill set. Higher pay requires higher knowledge. So learn the skills that offer higher wages.
Great option for employees...not without risk but would say preferred over credit card as primary expense coverage
The report that stated 40% of Americans could not withstand a $400 emergency true Now with multi B$ in new tariffs taking effect things will make America Great, NO!
This is almost predatory. Instead of this they should be offering financial planning and debt reduction classes to help people make it month to month instead of enabling their spending by offering MORE DEBT.
If people were paid a decent living wage instead of the CEO and shareholders reaping all the rewards on the backs of their workforce everyone would be able to live a decent life. Instead of one plagued by poverty and the health issues that come with it leading to an early death.
Payroll advance IS THE BIGGEST SCAM! Only the loaner make the money. Borrower stuck on there cycle.
Or you know, they could just pay their employees a living freaking wage instead of giving out advances and pay day loans that further prey upon their employees.
Does payroll advances are nothing but trouble
incredible you want to pretend this hasn't been the situation FOR THE LAST DECADE....but not surprising, it was very profitable for the overlords (aka your readers) while the scam lasted, eh?
money problems are solved by higher wages. advances and loans aren't benefits, they're further exploitation of workers.
Employers should give community college grants. That would definitely help them get ahead. They could reward graduates with management jobs. Why not?
I’m calling this bull shit
REALLY? They could've just asked us workers anytime before that wake up epiphany and saved us a LOT of that trouble.
Both of these are less effective than higher wages.
How about a multi billion dollar corporation pay livable wages and benefits instead of implementing policies that pretend to help but actually are little better than servitude
Payroll advances and loans does absolutely nothing to fix the underlying problem
Imagine working full time at a store you can't afford to shop at, even with the employee discount, when that store is Walmart.
Quit and get another job!!
OMG this is horrible, why not just pay them more
So, loan sharks.
Did we not live through “...the company store...” once before.
This seems predatory and will have terrible outcomes, intended or otherwise.
how are those things helping. they only make things worse. higher pay is the only thing helping.
16 tons... Sold my soul to the company store...
What's the problem?😐
Wow.. going back to those mill house days. That’s stupid
Steve Bannon With the Alt Reich/Right Supremacist was hired by Donald Adolph Trump on Day One. Trump does not care about minorities or minimum wage earners. He is too busy filling his own pocketbook with Gold.
Aww man people will end up in debt to their employers 🤦🏽♂️🤦🏽♂️ just pay them better wages
This will end well. 🙄
Pay them more
How about better wages and health benefits to begin with
This headline is crap. If I’m broke...How is an advance of my check, or a loan going to help me? An advance means I won’t be seeing that money later. And a loan means I have to pay back money I don’t really have to give. Pay a living wage. Problem solved
I'm sure they offer loans at 300% interest out of the goodness of their hearts, right? , you should publish strictly in the Arkansas. The only US population stupid enough to believe that Wal-Mart wants to 'help' the employees not replaced by self checkout.
Great. Walmart is getting in on the payday loan business. How low can we go?
Employers are finding yet another way to exploit workers. Keep wages low, and offer payday loans to keep them indebted to the company store. Indentured servitude.
Income inequality will not be addressed by payday loans. I’d be interested to know the interest rate charged for this ‘largesse’. Dear 1%, You’ve managed to suck up practically all of the wealth generated in this country for the past 40 years. Great run, but it’s time.
Perhaps personal financial discipline is a better alternative than this modern version of indentured servitude.
Debt Crisis Speed Run
Those aren't benefits Walmart
Employers have not had to choose between medication or food. They haven’t been to poor, they can't even qualify for an apartment lease. They haven’t increased workers pay. Pay advances don’t fix the poverty problem, especially when they don’t pay enough to live off of.
By offering payday loans at high interest rates, they are bringing back indentured servitude
Because paying a living wage isn’t profitable? Shouldn’t have to get a loan to survive if you’re working full time
The same employers love illegal alien workers.
Walmart giveth, and Walmart taketh away.
What if they just paid them a living wage?
Sound like a shark looking for victims. Why can t they pay good wage then there would be not. A problem to survive
or you could just, you know, pay them a livable wage.
Phucking lybz wanna add Communism to that. Think about that level of crazy.