Why more workers are moving away from traditional paycheck cycle
/While serving as CFO of Uber, Nelson Chai got a firsthand look at the rise of the gig economy.
Chai, now the CEO of on-demand pay company DailyPay, also saw how gig workers struggled in a pay benefit structure that he says, “has really been about the white-collar management level.”
“For most companies, you get paid bi-weekly,” Chai told CNBC’s Morgan Brennan at the CNBC CEO Council Forum in November. “But what’s going on right now is about two-thirds of the households in this country are actually living paycheck to paycheck.”