from the article:

They are not allowed to avoid this amount by making several smaller payments in banknotes.

What does that mean for salaries? Every salary payment can be seen as a part of an annual income. I would demand more frequent pay days just to get some freedom back – to be free from forced banking. Of course I would say the paychecks are not part of a whole payment but each are a whole payment for a specific amount of labor rendered.

#warOnCash

  • FireRetardant@lemmy.world
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    2 months ago

    By cash i think they mean physcial money. You could still pay for a $5000 purchase with your debit/credit, just not in physical cash. As for your paychecks question, the vast majority of people get paid via a cheque or direct deposits. Very few people are getting paid out in physical cash and the ones that are probably make less than $3000 a pay period and may already be breaking other finnancial laws.

    • activistPnk@slrpnk.netOPM
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      2 months ago

      You could still pay for a $5000 purchase with your debit/credit,

      Not if you are unbanked. The policy is exclusive and elitist.