3 ms·
You’re right, and I’m surprised the companies don’t have longer pay periods in the US actually. I also wonder if there’s an economic benefit to shorter pay peri
by soultrees 3y ago
You’re right, and I’m surprised the companies don’t have longer pay periods in the US actually. I also wonder if there’s an economic benefit to shorter pay periods? Because the faster that money is in the worker’s hands, then the faster it’s distributed again into the economy.
Monthly seems too long for me from a worker’s point of view though, you’re effectively giving the company a short-term, interest-free loan at that point. And when you factor in the fact that your purchasing power is reduced by the time you get paid, and any opportunity costs, the real cost to the worker can be quite high.