Which of you actually get paid by the hour? On demand can you even get that money you just technically earned right after any hour you've worked before having to wait for the week ending period? I bet you cant. And why is that? Anyone really know? That's what needs to change. I'll tell you this idea: Instead of getting paid by the week ending based on previous pay after work hours it should be a new law to where an employee can get any amount of the money they've rightfully earned on demand at any time during their job's functioning hours. This means if you work, say, an hour, then you should be allowed to receive pay (in form of cash, chech, and/or direct deposit) for that hour's worth of work from your job if it's a job that pays based on an hourly wage. Or, if you dont want to receive any of the money you've earned just yet, like, say, at the end of a week period, then you should be allowed to be able to let it grow from the more you're working till you want to receive any of the money you've rightfully earned to the desired point of your choice. I say have the employer act sort of like a bank you can withdraw from however you like from your earned money. The money only going (and even saving) into it wouldnt be from any other source, but from that employer in what they are to pay you for your working there. And so it should also be a new law that the longer you keep your earned money in your place of work you also draw interest on that money. Again, sort of like a bank. Surely by keeping your earned money in your place of employment makes it so that place of employment can grow in one way or another. This would be a good thing, wouldnt it be, when it should already be? Like what made it so that it wouldnt or shouldnt be? You tell me.
If you understood what would be required to accomplish this task, you would realize just how difficult it would be. At present it would be a nightmare to keep track of everyone's wages on a real time basis for large companies. And large companies are normally the first to implement new technology like that. Secure computing power on that scale just isn't up to it yet. It took long enough just to have direct deposit of your paychecks and automatic bill payments of your utilities. If you knew how much bandwidth was being used for those simple tasks, you would understand why doing what you're asking would more than overload the internet.
you want the company to pay you interest??? I assume you dont really understand how to run a business, not to mention employee payroll but ya thats one of the worst ideas i have ever heard
I'd never pay an employee with direct cash. Has to be cheque or money deposited into ones bank account. The current system works just fine. If people can't budget their money, that's not the employers fault. I'm friends with a taxi driver and it amazes me the stories he tells me, about how when people get their pay cheque each week, the first thing they do is go out and spend it on crap, instead of saving it for bills, mortgage/rent etc. And with the whole interest thing. Why should the employer be forced to pay interest? Take your pay cheque, and move it into a bank. There's your interest.
