Continuing the idea that we need a new kind of financial advice:
The “old” financial advice model, by which I also mean the current financial advice model, presumes that you’re going to have a job at all times. Technically, it knows that you aren’t going to have a job at all times, but it brushes that uncomfortable truth into the corner by quickly shouting something about a three-to-six-month emergency fund.
And, of course, if you don’t have a job, you are advised to immediately trot on down to the nearest Walmart, Starbucks, or nurse’s aide training program.
Never mind that these jobs are not known for their long-term stability, and never mind the fact that you can’t get a coffee shop job just by asking. A link was bouncing around the internet yesterday about 1,701 people applying for eight Costa Coffee jobs (I only now realized that the story is a year old but probably still makes its point), and the last time I was in a coffee shop a man literally walked in, shouted “is anyone in this industry actually hiring?” and then argued with the barista before stomping out.
+ UT-Austin signs tell women how to dress so as not to be distracting and, according to Jezebel, crop tops are out.
Here are the things you cannot wear, if you want to learn to be a nurse at the University of Texas:
Midriff-baring shirts Short-shorts Low-rise pants Low-cut shirts that reveal cleavage
My K-12 religious school had a dress code that prohibited all of these things and I still feel funny if I wear them. My mind has been warped forever on the issue of modesty, which means I can’t be trusted to know whether this is egregious. Dress codes! Always unfair, if they’re only targeted at women? Justified in a context that has something to do with God, or taxes, or death? Can we trust students at a certain age to know how to dress appropriately and/or to not get life-threateningly distracted by a glimpse of skin?
+ Uh oh. STEM magic doesn’t work as well for black folks.
Back in the day when my credit was very, very bad and I didn’t have any real sense of urgency about doing something about it, per se, my mom would try to put the fear of god in me by saying that when I applied for jobs, prospective employers could looking up my credit and, seeing how irresponsible I was, decide not to hire me. This seemed (and seems!) both totally unfair and hardly believable.
According to a recent survey-based study from public policy org Demos (h/t Astra Taylor), employment credit checks are actually fairly common: 1 in 4 of unemployed people who were surveyed reported having their credit checked as part of a job application. Among the unemployed with ‘blemished’ credit histories, 1 in 7 has been informed they missed out on a job because of their credit.
Employment credit checks are legal under federal law. The Fair Credit Reporting Act (FCRA) permits employers to request credit reports on job applicants and existing employees.4 Under the statute, employers must first obtain written permission from the individual whose credit report they seek to review. Employers are also required to notify individuals before they take “adverse action” (in this case, failing to hire, promote or retain an employee) based in whole or in part on any information in the credit report. The employer is required to offer a copy of the credit report and a written summary of the consumer’s rights along with this notification. After providing job applicants with a short period of time (typically three to five business days) to identify and begin disputing any errors in their credit report, employers may then take action based on the report and must once again notify the job applicant.
I’ve never been informed that a prospective employer was going to run a credit check on me (MIKE DANG???), so I suppose that means it hasn’t happened.
Well, this is very sad:
Shanesha Taylor, a woman from Scottsdale, Arizona, is homeless. So when she got asked to come in for a job interview last Thursday, she must have been excited by the prospect. But when you’re homeless, there isn’t always an easy way to take an hour off from watching your kids to be at an interview. That’s how Taylor, 35, wound up losing her children to Child Protective Service — and losing out on the potential job.
In Motherlode, Andrea Pate, a mother with two children talks about how difficult it has been finding a job—even a minimum wage one—and making ends meet. Pate lives in Milwaukee where the unemployment rate is significantly higher than the national average at 9.8 percent.
Kim Palmer, author of The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life has found the secret to financial security. Unfortunately, it sounds like a lot of work:
I’m so happy to be here and writing to you guys. I’ve been typing thebillfold.com into my iPhone every morning when I wake up for forever. It comes up as soon as I type in “t.” I want to say that this is because I know Mike will have his first post up by 9AM sharp, a rarity, but really I am just weirdly obsessed with this website.
As Logan and Mike talked about on Friday, today is my first day as a part-time contributor, so you’ll be hearing from me a few times a day, every day (gulp!). Before that starts, I wanted to take a minute to introduce myself and plead for your goodwill.