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by egonschiele 225 days ago
Yes, but if you decide to leave your job during the shutdown (say to find more stable work), you do not get paid for the unpaid hours you worked.

And as others are saying, plenty of people can't afford to work for no pay indefinitely.

1 comments

Of course they can. A bank would have no problems giving out loans given the pay is coming eventually.
I hope these hypothetical banks will also be giving these theoretical indefinite loans interest free.
Citation? Who is giving unsecured pay day loans on unknown payday? If they did what would the interest be? 1000%?
>Citation? Who is giving unsecured pay day loans on unknown payday? If they did what would the interest be? 1000%?

I'm not a Federal employee and I don't know the details, but there's a banner on my bank's (Chase) website (after you log in) suggesting that they have mechanisms to assist those who aren't getting paid.

What those are, I have no idea. It may well be high interest loans or no interest loans. Or it may waive fees on overdrafts. Again, I don't know. But banks are taking note and communicating with their customers about it.

I see. I imagine its good PR like that cafe giving free lunches in DC.
I worked at a payroll backed loan company and can say there is not many people in the space, for many good reasons.

These banks do not exist.