Re:Paper Money Diehards Refuse to Fold
by matsemann on Monday May 29, 2023 @03:28PM
(#36117123)
Eh, my experience is that dealing with cash is much more expensive than people think (to be fair, most people think it's "free" since there are no direct fees). At some places I've worked in the past, it's been like almost the only responsibility of a manager working full time. Making sure everything is in order, watch over workers, training them on all procedures, going to the bank to buy change, counting tills all the time, etc etc. Sooo many man hours going into this.
[ Parent
| on HN ]
Re:Paper Money Diehards Refuse to Fold
by freddie_mercury on Monday May 29, 2023 @11:35PM
(#36120858)
So many people overlook the cost of being able to "make change" an arbitrary amount of time with (nearly) arbitrary denominations.
Think about the last time you bought some for $1.27 and paid with a $20 and they took it without blinking.
I live in a developing country where there are still a ton of small mom & pop shops that aren't willing to eat the cost of that externality. So it isn't uncommon to go to one of them and they'll go "sorry, I can't make change for that bill size". Then you suddenly have the hassle of needing to drive to another store or getting change somewhere else or whatever.
In practice you adapt: the ATM only spits out big bills so you make a purchase somewhere to start breaking them up. Go buy a soda at an international chain instead of the local corner store. That kind of thing.
But it is still a cost we all pay, since "making change" isn't free.