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Re:Bill Gross – Banking/finance “permanently damaged” [pdf] by techdragon on Thursday March 03, 2016 @08:07PM (#11221323)
Paying your dues is just the finance industry version of the "apprentice" phase in the traditional "novice, apprentice, journeyman, master" trade progression that has persisted in various forms for centuries now.
Re:Bill Gross – Banking/finance “permanently damaged” [pdf] by loup-vaillant on Friday March 04, 2016 @03:27AM (#11222652)
Apprenticeship is no reason to work insane hours, no matter the trade.

In French, "paying one's dues" spells "faire ses preuves", meaning, prove one's worth. That way no one is tricked into believing they owe anything to their employer. Sure, it's only an idiomatic phrasing, we don't think of the debt any more. Yet I'm sure it wasn't so at first, and I'm sure the idea lingers.

Like the Japanese saying "sumimasen" (forgive me, excuse me) to say "thank you" in some circumstances.