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Credit Cards For Wage Slaves

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The bonks have finally figured out how to capture the lower tier of "unbanked" wage earners who cash their paychecks on paydays. With "payroll cards," the employers simply credit a balance on the card. The bonks pick up the interest-free use of the money till it's spent, and the workers don't have to stand in line at check-cashing services.




But wait -- it gets even better! "In a somewhat different approach, a Pennsylvania firm, E-Duction Inc., is marketing what it calls a payroll deduction card, which ... allows workers to make purchases from retailers and then have the amount deducted in equal installments from their next four paychecks."


Voila -- a new class of debt slaves, borrowing against their own future wages! What will those tricky-dicky bonkers think of next?

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