The Pros And Cons Of Venmo

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Summary: Due to recent technological advancements, anyone can easily do their banking without having to go to their local bank branch. Now, people use Venmo, a free digital wallet that lets a person deposit checks and/or money and to send money to friends and family. This convenience for the user puts unfortunately puts the jobs of the people who work at bank branches at risk. According to a new Citigroup study, thirty percent of bank jobs may be lost between 2015 to 2025 die to retail banking automation. In addition to Venmo, there are also many other payment businesses such as Square, Apple Pay, and Paypal. Other payment business are increasingly getting more sophisticated. The new platform Kensho is using advanced technology to create research …show more content…
2. Paid family leave advocates celebrate over a big week, but the battle’s not over http://www.npr.org/2016/04/10/473633537/paid-family-leave-advocates-celebrate-a-big-week-but-the-battles-not-over Summary: The state of New York and the city of San Francisco have recently passed more generous paid leave policies. In a couple of years in New York, workers will have the ability to take twelve weeks partially paid family leave to care for a sick parent or new child, giving New York the most generous family leave benefits in the United States. In San Francisco, the city’s board of supervisors gave consent to a bill which guarantees most workers six weeks of paid leave at their full salary. Both are substantially more beneficial than The Family and Medical Leave Act, which requires employers to allow their workers twelve weeks of unpaid leave. Many part-time workers do not even receive this leave. Though these new, generous paid leave policies sound great, many worry about what impact it may have on the economy. Small business owner Zack Hutchins points out that the money that will pay for the leave will come from taxing the employees and that there may be hidden costs when the law finally takes effect in …show more content…
More specifically, it would discourage people, especially low earners from working, significantly hurt the economy, and cost about 208 billion Swiss francs. Supporters of this proposal, which will be able to be voted upon in June, say that this would help to provide a public service as automation increasingly is jeopardizing jobs and would promote human dignity. The proposal says that adults would receive 2,500 Swiss frans ($2,619 in American terms) a month while teenagers and children would receive 625 frans. This payment would replace the social benefits that are currently given to the people of

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