While I agree with the comments about predatory lending, I kind of feel that it has more to do with being more financially aware before agreeing to such loans. Payday lending is closer to the predatory lending practices, but I see the same kind of attitude among borrowers at lower interest rate products as well.

Borrowing when you know that you will not be able to repay the loan (or with the intention of not repaying) is also wrong.

> In the second scenario the worst case is that the payday lender becomes insolvent, the company collapses, and the workers go and find other jobs because they're not the ones suffering financial stress.

In this case, the employees of the so called lender are rendered jobless and they don't meet their financial obligations and might become homeless themselves.