Dear Ethel… New Job

Euros Evans
Jul 25, 2017 · 2 min read

Dear Ethel: I have recently started a new job. I get paid at the end of the month. Is there a reason why my employer is paying me monthly and not weekly, or even daily?

Dear John: Every time a company pays its staff, they have to work out the tax and NI, and record this. Payslips is next, followed by the payment — by cheque, cash or direct to bank account.

Therefore, if they paid you weekly, they would need to do this 52 times per year.

Whereas if they pay monthly, they only have to do this 12 times per year.

Imagine the burden if they had to do this 253 time a year… do you see my point, dear boy?

But in fairness that was before my darling, Ethereum was launched.

Ethereum has this fantastic feature called “programmable money.”

If your employer embraced this technology, there is no reason why they could not pay you in real time — like, every second of the day.

Imagine that…. You work your cotton socks off in the morning, and by lunchtime, you have enough money on your [Etch.work payroll card — and yes, this is an affiliate link, I get a cream bun from @euros every time it is clicked] to buy lunch.

Game changing.

More letters soon.

Euros Evans
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