Excerpt from Forbes.com article. Read more from the original article below.
Have you ever thought about why we receive a paycheck just once or twice a month? The answer is simple: Because, back in the day, it wasn’t economical for employers to print and send a check out everyday.
An employer like Walmart, with 2.2 million employees, would spend $800,000 per day—$290 million per year—just to mail out paychecks if they were cut every day.
But thanks to technology, we have direct deposit so employers don’t have to cut and mail checks to a large percentage of their workforce. Then why don’t we get our money every day, right after we put in a hard day of work?
Read more from the original story from Forbes: https://www.forbes.com/sites/ronshevlin/2020/04/20/how-to-get-your-paycheck-early-if-youre-fortunate-to-still-have-a-job/#3080c98311e0
Matt Pierce, CEO and Founder, Immediate