Anyone who has recently been on a job hunt knows that in this job market, landing that badly needed position has gotten harder and harder in recent years due to a surplus of desperate job seekers, instability in a number of industries and an overabundance of often overqualified candidates in the pool. However another, more recent impediment to the aspiring job seeker, is coming by way of corporate America’s latest tool of arbitrary judgment: The Credit Check.
Rationalized often by human resource managers as a means by which to get a feeling for a candidate’s character and responsibility level, the routine practice of running pre-employment credit checks alongside more standard criminal background checks are becoming an increasingly frustrating aspect of job hunting.
For an increasing number of people, especially those already out of work for prolonged periods of time, the issues of a healthy or poor credit score are more and more often falling into the realms of medical and student loan debts and simple survival financing, than any real matter of responsible handling of credit lines.
Now, some in Washington, are seeking to address the issue legislatively. From the great state of Massachusetts then, comes populist heroine and bankster nightmare Senator Elizabeth Warren.
Today, Senator Warren, along with six of her Senate Democrat colleagues introduced the Equal Employment for All Act, which according to the press release issued by her office today, would “prohibit employers from requiring potential employees to disclose their credit history as part of the job application process.”
With millions of Americans still struggling to get out from the rubble left over from the 2008 financial collapse, Senator Warren, as well as her colleagues Senators Shaheen of New Hampshire, Blumenthal of Connecticut, Leahy of Vermont, Markey of Massachusetts and Whitehouse of Rhode Island, have formed something of a New England caucus and banded together to push for the Act, which presently claims endorsements from over 40 social justice and civic welfare organizations.
If passed, applicants for jobs can expect a better chance of being judged on their professional credentials and merit, without the worry of having the often misreported credit history and the superfluous judgments that come with it.
Initially based on the 2011 House bill H.R. 645, introduced by Tennessee Democrat Steven Cohen, which is still in committee, this New England Senate delegation effort, is the latest attempt to free American workers from the needless and often crushing weight of the financial industry’s control of the economy and labor force and on its own, serves to further establish Senator Warren as a true and stately public servant, working in the interest of working people throughout the country.