Walmart employee pushes grocery carts at a Walmart store. Photo: Joe Raedle/Getty Images

Amid a stagnating wages crisis, income volatility continues to be a top concern for workers.

Why it matters: This concern is spreading so rapidly that large employers like Walmart are looking for ways to help their employees better manage inconsistent income and personal finances. Walmart revealed on Thursday that more than 200,000 of its employees are now using Even, a system to help workers access their earned wages in between paychecks if they're short on cash for bills.

"What we quickly learned… is that [getting consistent income is] part of the problem and it’s not all of the problem... Income is part of it, but also what you do with that income."
— Even co-founder and CEO Jon Schlossberg tells Axios

This conclusion is why Even's app also includes features for budgeting, managing expenses, and saving money — all to make early withdrawal of earned wages a last-resort option for users.

  • Companies like Even also say they aim to be an alternative to payday loans, which come with exorbitantly high interest rates and can cause bigger financial problems.

The bottom line: Most American workers care more about having consistent pay than earning more, Tony Xu, CEO of food delivery startup DoorDash, said a year ago. DoorDash's delivery workers are independent contractors and part of the so-called "gig economy."

Go deeper: A look at Even, and similar services

Go deeper

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 32,471,119 — Total deaths: 987,593 — Total recoveries: 22,374,557Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 7,032,524 — Total deaths: 203,657 — Total recoveries: 2,727,335 — Total tests: 99,483,712Map.
  3. States: "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions — Virginia Gov. Ralph Northam tests positive for coronavirus.
  4. Health: Young people accounted for 20% of cases this summer.
  5. Business: Coronavirus has made airports happier places The expiration of Pandemic Unemployment Assistance looms.
  6. Education: Where bringing students back to school is most risky.
Mike Allen, author of AM
8 hours ago - Politics & Policy

Biden pushes unity message in new TV wave

A fresh Joe Biden ad, "New Start," signals an effort by his campaign to make unity a central theme, underscoring a new passage in his stump speech that says he won't be a president just for Democrats but for all Americans.

What he's saying: The ad — which began Friday night, and is a follow-up to "Fresh Start" — draws from a Biden speech earlier in the week in Manitowoc, Wisconsin:

Trump prepares to announce Amy Coney Barrett as Supreme Court replacement

Judge Amy Coney Barrett. Photo: Matt Cashore/Notre Dame University via Reuters

President Trump is preparing to nominate federal appeals court Judge Amy Coney Barrett of Indiana, a favorite of both the social conservative base and Republican elected officials, to succeed Justice Ruth Bader Ginsburg, Republican sources tell Axios.

Why it matters: Barrett would push the already conservative court further and harder to the right, for decades to come, on the most important issues in American politics — from abortion to the limits of presidential power. If confirmed, she would give conservatives a 6-3 majority on the high court.

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