Another thing about Final Settlement money is that it reduces the incentive to wait to pay people. Currently, salaried employees have to invest effort for a fortnight or even a month and then receive their first salary.

With Final Settlement Money, they could receive a week's worth of salary because the burden and hassle of paying them weekly (even daily!) is lower. That reduces the outstanding bill the employer owes the employee (i.e. it reduces debt).

They could simply hold their cell phone to the time clock and get zapped the salary money on the way out the door.