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> At the end of the day, isn't salaried work often NET 30 or NET 15? I've never heard of being paid more often than bi-weekly. Although being paid in arrears (
by mmt 8y ago
> At the end of the day, isn't salaried work often NET 30 or NET 15? I've never heard of being paid more often than bi-weekly.
Although being paid in arrears (up to 7? days in California, IIRC) is legal, it's uncommon. Otherwise, on payday, the worker is paid for that day, as well as the preceding 13-14. On average, that means only 7.5 days are "on credit".
More importantly, though, it can't be compared to a contractual debt, since payroll is much more heavily regulated by the state. In California, for example, the penalty, even for being late, can be disproportionately severe, and the state has resources to pursue them (plus, PAGA[1] provides an incentive for private pursuit of those penalties otherwise only payable to the state).
This difference is an example of why "gig economy" (the article mentions at least Uber, for example) classification of workers as contractors can be such an important issue.
[1] https://labor.ca.gov/Private_Attorneys_General_Act.htm https://labor.ca.gov/Private_Attorneys_General_Act.htm