The EquiTable Platform Splits Dining Checks Based on Wages
References: equitableapp & mentalfloss
Splitting the tab at a dinner can be socially uncomfortable for many when each individual comes from a different income sector making the EquiTable platform an ideal solution to evenly allocating portions of the bill based on economic equality. The app splits bills based off data pulled from the U.S. Bureau of Labor Statistics to provide fair divisions to each guest at the table.
The economy favors different genders, races and types of employments which can make topics of money uncomfortable for many to discuss due to the inequality in pay. The EquiTable app is designed to split bills fairly taking into account these factors, so each person is allocated a portion that is suited to where they stand in the economy.
The economy favors different genders, races and types of employments which can make topics of money uncomfortable for many to discuss due to the inequality in pay. The EquiTable app is designed to split bills fairly taking into account these factors, so each person is allocated a portion that is suited to where they stand in the economy.
Trend Themes
1. Ethical Bill-splitting - The EquiTable app demonstrates the rising trend in developing solutions for financial fairness at social gatherings.
2. Data-driven Bill-splitting - Solutions like the EquiTable app use data analysis to aid in fair division of costs.
3. Inclusive Financial Apps - The EquiTable app is part of a wider trend of financial apps catering to individuals and groups that have historically been excluded from economic decision-making.
Industry Implications
1. Hospitality - Restaurants and other social venues may embrace ethical bill-splitting as a way to improve customer experiences.
2. Tech/saas - The use of data analysis and algorithmic solutions within the EquiTable app highlights opportunities for tech and SaaS companies to innovate in the financial fairness space.
3. Social Justice - The EquiTable app's development underscores the growing social justice movement within the financial industry to address economic inequalities.
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