Yesterday, a short seller called Hindenburg Research published a report replete with salacious claims about Block and Cash App. I don’t own any shares in Block (NYSE: SQ) nor do I work there or plan to work there, but there is just so much about this report that is misguided…

Introduction Recently, I did a deep dive into the concept of ownership, demonstrating both how critical it is to social mobility and how the low-income labor force has been unable to capture the value they create for the economy in the same way that white-collar workers can. My research showed that…

Recently, I’ve become intensely focused on how hourly workers — the foundation of the labor economy — representing 56% of the total US workforce — often have limited to no opportunity to build long-term equity in the economic world they are helping to create. To explain what I mean, it’s…

Since day one of DailyPay, championing diversity and inclusion has been baked into our company’s DNA. I have always believed diversity is more than just the sum of our many parts. …

For years, consumers have looked to their traditional account balances as a means to determine their available funds, purchasing power and, ultimately, net worth. For the lucky few, that meant adding up various amounts across checkings, savings, brokerage, 401(k), etc. …

One of the most special things about DailyPay is that we are building a generational company, rooted in a common culture and mission. A company that lives beyond us; one that is meant to outlast us all. …

When I started DailyPay, I set out to solve a previously untackled problem: to radically change the experience of an employee and enable her to control the timing of her pay, while at the same time not burdening the employer with changing anything about the company’s payroll process. …

On 12/30/2020, the CFPB issued a follow-up order in response to its advisory opinion on Earned Wage Access from a month earlier, which provides guidance on certain earned wage access (EWA) programs (sometimes known as on-demand pay programs). In a stunning blow to the community of EWA providers who debit…

Let’s start from the past: payroll hasn’t changed in centuries. Since the beginning of time, payroll has always revolved around the employer. Employers have always been the ones to decide when to pay their employees. During World War II, to prevent the inflation the U.S. had seen after World I…