Corporate bosses love to lecture people about the value of work. When people get into economic trouble, and amass large debts in their struggle to keep going, the bosses warn that bankruptcy is not the solution. “Get a job,” they sneer.
But then, when people who have accumulated large debts apply for work, in an attempt to earn enough money to pay off their debts, what do the corporate bosses do? They slam the doors of employment shut, denying applicants jobs because the applicants have bad credit scores. Those credit scores were earned because of the very debt that people seek to resolve through the work that they are excluded from.
Yesterday, Senator Elizabeth Warren introduced a bill to eliminate this catch-22. Her legislation, S. 1837, would prohibit employers from using the credit scores of job applicants or employees to fire people, or refuse to hire or promote workers.
“Families have not fully recovered from the 2008 financial crisis,” Senator Warren said, “and too many Americans are still searching for jobs. This is about basic fairness – let people compete on the merits, not on whether they already have enough money to pay all their bills.”
You can call your two U.S. senators at (202) 224-3121 to encourage them to become cosponsors to S. 1837.