Companies and card issuers, which include Bank of America, Wells Fargo and Citigroup, say the cards are cheaper and more efficient than checks — a calculator on Visa’s Web site estimates that a company with 500 workers could save $21,000 a year by switching from checks to payroll cards.
You buy a Postal Money Order at the Post Office -- like the one up the street from where I work,.... which is scheduled to close this year...
And here we have the main problem, which just goes to show how skewed laws are to the side of the employer. The law allows them to pay people in this way, they can save $21,000 so why the hell wouldn't they do it.
All that being said, the cost reduction to the company does indeed come from passing the cost of accounting etc to the employee, meaning those minimum wage workers were about to get a pay cut. Which, from a certain point of view, is like the company taking money from the workers.
This is largely a problem because the economy is moving towards cashlessness but in a very uneven, basically unregulated, lurching way.
But the government has largely abdicated this responsibility in the new, largely cashless and electronic economy, and has instead left it up to the banks. ... Fixing that problem is probably beyond a dream at this point,
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