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I don't understand why you keep claiming that someone else holding your money makes it theirs. Can you expand on this?
by PascLeRasc 5y ago
I don't understand why you keep claiming that someone else holding your money makes it theirs. Can you expand on this?
- teddyh 5y agoI don’t understand why you talk as if money which you haven’t yet been paid is somehow yours before you get it.
- drdec 5y agoOnce you have worked for a day, your employer owes you money. It is not an uncommon or foreign concept to charge interest on a debt that one is owed. That said, it would be unusual to apply that to wages. And many debts have grade periods during which interest is waived.
- teddyh 5y ago> Once you have worked for a day, your employer owes you money. I see what you mean, but do they really? If I leave work one day (say, in the middle of the week) and don’t come back, does my employer owe me pay until the day I left? Some people have that situation, but for most people, the situation is more complicated; they can’t just leave without giving advance notice, etc. Included in this complexity is the fact that the employer does not owe the employee anything until the pay is actually due, as specified in the contract.
- drdec 5y ago> I see what you mean, but do they really? Yes, they really do. E.g. if the company was dissolving went into bankruptcy proceedings the employees would have a claim. > If I leave work one day (say, in the middle of the week) and don’t come back, does my employer owe me pay until the day I left? In my jurisdiction we have at-will employment and it works both ways - either party can terminate the arrangement at any time. In practice, employees usually give notice so as not to poison relationships. On what basis would an employer not owe an employee for work performed? > the employer does not owe the employee anything until the pay is actually due, as specified in the contract. You have confused owing a debt and a payment schedule for the debt. When you take a mortgage on a house you owe the bank money (probably a lot of money). The fact that a payment schedule exists doesn't change the the status of the status of the debt nor does it prevent the bank from paying interest. Second, you are assuming there is contract - in my experience most workers are not operating under a contract. Of course, I'm speaking for my jurisdiction (in the US).