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Comment on "Daily Pay" Is Just Another Way to Keep You Living Paycheck to Paycheck

Twentytwodividedby7@lemmy.world ⁨10⁩ ⁨months⁩ ago

This is just not true…daily pay means that you get more compounding periods from your money and the company also has to somehow manage payroll for that.

I get paid monthly, so when you account for time value of money, I’m getting a bad deal. It costs the company less on a number of fronts to pay less frequently.

Jobs that offer daily pay seem to be lower wage jobs, so I get why you would associate that negatively, but at least you get your money quickly for time worked if you’re in a bind

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jubilationtcornpone@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

Jobs that offer daily pay seem to be lower wage jobs This is not a coincidence. This means that the employer has decided it’s cheaper to incur whatever costs associated with processing daily payroll than it is to pay wages high enough that their employees don’t care or have to care about getting paid every day.

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- Twentytwodividedby7@lemmy.world ⁨10⁩ ⁨months⁩ ago
  Well, not every job is a career. At least you don’t have to chase them for payment and you know you’re a transaction to them. Develop skills and work somewhere that values you slightly more and at least gives benefits.
  
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  - ryathal@sh.itjust.works ⁨10⁩ ⁨months⁩ ago
    Not every job is a career, but every job that advertises daily pay is advertising a red flag for how they treat workers.
    
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