Letting folks go is IMO far superior to defaulting on Payroll. Under the current system employees are fronting 2ish weeks of time to their employers and risking

Letting folks go is IMO far superior to defaulting on Payroll. Under the current system employees are fronting 2ish weeks of time to their employers and risking not actually being paid. IMO because financial systems are so much more robust we should be moving to either a daily pay or even a prepay model. But likely that would take regulation because it doesn't benefit the decision makers. Additionally the status quo is such that the employer is earning interest on a pay period worth of capital, while the employee is eating the inflation on it. A spread of about 4 interest + 4 inflation = 8%