Responsible subprime auto lending through AI - AnalyticsWeek

Never has the issue of economic inequality in America been more prominent. The coronavirus pandemic and growing social unrest have exposed the fragile financial health of our country's low-income population. Consider hourly workers, who face real economic peril because of a diminished earning capacity. According to Yahoo! Finance, the federal minimum wage has remained flat at $7.25 per hour $15,080 a year for the past eleven years. Yet, the 1968 minimum wage of $1.60 equals $11.79 per hour or $24,523 per year in in 2020 dollars. Editor Andrew Serwer pointed out that means minimum wage earning Americans are actually taking home 38% less today than they did 52 years ago.