The rise of stay-or-pay hiring

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 21 November 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this tight labor market, a growing number of companies are trying to discourage workers from quitting by charging them. Stay or pay clauses are becoming a thing in more workplaces. We’ll talk about who really bears the cost of calling it quits. Plus, how Federal Reserve economists are taking a page from journalists. And Snoop Dogg, the master marketer!

Here’s everything we talked about:

- “Federal Reserve Seeks Anecdotes Over Economic Data for Uncertain Outlook” from Bloomberg

- “The Stay-or-Pay Clause That Demands You Pay to Quit Your Job” from The New York Times

- “Snoop explains going smokeless – and it’s not what you thought” from CNN

- “Thanksgiving Travel: No One Should Pick You Up at the Airport” from The Wall Street Journal

If you’ve got a question, comment or submission for a state drink, send them our way. We’re at 508-UB-SMART or email makemesmart@marketplace

Transcript

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0:00.0	Hey, do you ever look at the economic landscape and wish you understood more about money earlier in life?
0:08.0	Give the young person in your life that opportunity.
0:11.0	Check out our second season of Financially
0:12.8	Inclined hosted by Yinelli Espinal, dedicated to teaching
0:16.0	young adults the money lessons that let them live life their own way.
0:20.3	Financially inclined is presented in partnership with Green Light, the Money App for Teens, with investing.
0:26.0	Green Light helps teens learn to earn, save, spend wisely, invest, and even build credits.
0:31.0	Tune into Financially Inclined, wherever you find your favorite podcasts.
0:35.0	Now I'm ready.
0:41.0	Now I'm ready.
0:42.0	Now I'm ready. I'm ready now. Now is when I would be ready.
0:47.0	You were ready before me it's fine.
0:52.0	All right, hello everyone I'm Kimberly Adams. Welcome back to Make Me Smart
0:55.4	where we make today makes sense. Monday 20th November I'm Kyrosdahl. Thanks
0:59.7	for downloading the pod. Yes, thank you. It's a basic Monday so we're going to do some
1:06.6	news and also some smiles. So, Kai, what caught your attention today or over the
1:12.1	weekend? So, oh wait, we can do over the weekend.
1:12.8	So, oh, wait, we can do over the weekend news too?
1:16.9	Of course.
1:17.9	I thought it was only like, damn news.
1:19.7	I thought it was damn, no, I don't want to talk about open AI.
1:22.2	Open AI is everywhere. I just wanted, I misunderstood the rules. I didn't know that Mondays were okay.
	...

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