Must Read Money Stories For Tuesday, Aug. 30

by August 30, 2016
“Amazon.com Gift Cards, 1/2015” by Flickr user “Mike Mozart ” CC BY-NC-ND 2.0

“Amazon.com Gift Cards, 1/2015” by Flickr user “Mike Mozart ” CC BY-NC-ND 2.0

Less is more?

Amazon isn’t afraid to do something new — it’s what made the company into the success it is today. So what innovation are they trying to push now? A 30-hour workweek, according to the Christian Science Monitor. The company is testing the concept with a few dozen of employees in teams that include management. Employees will earn about 75 percent of a full-time worker but still receive full benefits. So why would the company try something like this? One of the main reasons is that a full-time work schedule just doesn’t fit into the lives of many potential employees. Amazon hopes it can attract new and more diverse employees with the new work schedules.

Apple in Ireland

Today could mean a lot of green for the country of Ireland. The New York Times reports that the European Union’s competition authorities are set to make a major tax ruling against Apple’s dealings with taxes and the Irish government. The decision is likely to increase tension across the Atlantic over how large companies pay global taxes. The amount could be in the hundreds of millions of dollars, the report said.

Good economy, bad consequences

Everyone wants to see the economy improve, but it does come with some unexpected consequences. One of them is an increase of traffic death, according to the Washington Post. Data from the National Highway Traffic Safety Administration shows that 2,349 more people died in crashes last year than 2014, a 7.2 percent increase that means more than 35,000 people were killed on U.S. roads. The Post quoted Russ Rader of the Insurance Institute for Highway Safety, saying, “Historically, traffic deaths decline during recessions as the unemployment rate rises, and then increase again as the economy picks up and unemployment declines.”

More problems for Chipotle

After food borne illnesses made customers in a number of states sick last year, the Mexican food chain Chipotle has been trying to restore its standing as a company. It might have just gotten worse, however. Close to 10,000 workers are suing the company, claiming they were forced to work off the clock without pay. A number of them talked about the situation with CNNMoney, and some claimed to not have been paid for five or more hours a week. This practice is known as wage theft and is, of course, illegal if the chain was actually withholding employee pay. As CNNMoney reports, the company is expected to continue fighting the case.