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Stock impact report

How To Get Your Paycheck Early (If You’re Fortunate To Still Have A Job) [Forbes]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Forbes
A furloughed federal employee holds a sign. Photographer: Andrew Harrer/Bloomberg© 2019 Bloomberg Finance LPOBSERVATIONS FROM THE FINTECH SNARK TANKIn a recent study looking at the impact of the COVID-19 crisis on employment in the US, two professors from Virginia Commonwealth Universitywrote“The employment rate decreased from 72.7% to 60.7%, implying 24 million jobs lost. Those who still have their jobs are working fewer hours; 21% report a decline in earnings.”Waiting until payday was already hard enough for many people—now it’s getting worse.Why DO We Have To Wait So Long for Payday?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 de Show less Read more
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