As opposed to paying them a liveable wage?
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What can go wrong?
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Smells like 2008
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Yeah, making employees debt-slaves is a hell of a lot better than paying a living wage.
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It would be helpful to offer education on how to manage debt & household finance
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Coal companies championed the employee loan concept at the Company Store to which Tennessee Ernie Ford owed his soul after loading 16 tons
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Why not just pay them more?
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Maybe pay a living wage so you don't have to loan out the money.
@realDonaldTrump here is the real working economy. Lying crookThanks. Twitter will use this to make your timeline better. UndoUndo
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This practice at the minimum needs to be regulated. The cos will fight it & claim they are doing a favor for the little guy though.
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A loan? So instead of paying them enough to stay away from payday loans, they just want a cut of the fees?
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So now indentured servants are becoming a thing? Why are we bringing back the most despicable social conventions?
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Although possibly an altuistic beginning, I can see this leading to employee enslavement if not watched.
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