Employers Switching From Payroll Checks To Prepaid Cards With Fees 1103
An anonymous reader writes "The New York Times reports a growing number of American workers are being paid by prepaid payroll card. The cards often have fees attached to basic services like making a cash withdrawal or for inactivity. Some employees report that the employers pay by card by default, with paperwork barriers to opting out, and some report that their employers refuse to pay them by check or direct deposit. The issuing banks pitch the cards to employers as a cost-cutting payroll alternative, and sometimes even offer a financial reward for each employee they sign up."
Re:How is this legal? (Score:5, Funny)
Union won't cover embezzlement? Oh deary me, how cruel.
Re:State of Oklahoma as well (Score:5, Funny)
Republicans are for big business (as is some democrats), Democrats are for big government (as are some republicans). You mix 40-60% of each and get this result: big business colluding with big government.
You want different results, try a different recipe, vote Libertarian.
Re:Weekly/Monthly Salary (Score:4, Funny)
I've long felt that schools have been doing a disservice to pupils since the 70's; preparing grade school kids for life should include basic money management, awareness of the state and federal tax code, family law, and the penal code. It takes an education to understand the responsibilities society places on you and the consequences of ignoring them, yet we toss our kids to the wolves as soon as they complete primary without any of that. Its really rather silly.
If you got rid of Reading, Writing, Arithmetic, History, Science, P.E., and Recess we might be able to cover the U.S. tax code in K-12, although it would be woefully outdated knowledge by the time they got to college. If we started sending every kid to summer school it would make a dent in the rest of the Federal statutes. States would have to do their own statutes as extra homework and weekend sessions. I have no idea when country/city ordinances would be covered. Good idea, though.