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McDonald's and other restaurants are offering daily paychecks

11 pointsby josephpmayover 7 years ago

3 comments

burntrelish1273over 7 years ago
Disclaimer: I worked at fast-food as a kid, used to live on multi hectokilo USD after university and live on just under 1 decikilo USD now.<p>People making less have a hard time affording a baseline of basics. So marginal propensity to consume (MPC) is higher for those inelastic demand costs. It&#x27;s also harder to get a bank account, keep good credit, get discounts like coupons or shop at big-box stores (eg some areas only have convenience stores) and there&#x27;s less social pressure to save and shop wisely.<p>Also, when you have only $20 and have to choose between food and gas, it seems impossible to look at a smartphone app like GasBuddy when data is prohibitively expensive.
jessriedelover 7 years ago
The demand for this service isn&#x27;t modern. (That&#x27;s just a hook by the journalists.) A key advantage of a waiter&#x2F;bartender jobs has always been the immediacy of tips: you have cash in your pocket the very first night.
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momentmakerover 7 years ago
with crypto like eth and setting up a smart contract, a company can pay its employee down to the second they work.