Monday, February 18, 2013

Petty Penny.

As you may have heard, Canada has started phasing out the Penny from use. It took effect on February 4th, and I thought I'd wait a couple of weeks before I commented on it.

Now, I work in retail, and there has been various responses to the change from our customers.

(In case you're wondering how it works, it's easy - we still accept pennies, we just don't hand them out. If your total was $4.31 and you give me a $5 bill, we give you back 70 cents. If it was $4.33, I'd give you back 65 cents. Debit and credit pay the exact amount - nothing changes for them. Simple, right?)

Not fucking likely.

The majority of people don't pay in cash anyway, and of those who do, the majority doesn't care about the one or two cents they may be gaining or losing per transaction.

However, there are people who think we are stealing their life savings from them, one red penny at a time.

They howl about whether it should have been rounded up or down (we've got the government guidelines posted beside each register) and say that it's some sort of conspiracy to make our money worthless. I had a lady say that taking away the penny will make future generations bad at math. (Someone please explain the thought behind that to me.)

The irony of it all is that at the end of January these were the same people who would have gladly chucked 4 pennies into the "Have a Penny, Take a Penny" pot beside the register - they'd complain about pocketfulls of pennies then, and now they mourn the the fact that they only get silver back when completing a transaction.

I'm glad it's going away - the fact that the government was losing 11 million a year producing it was a kicker - not that I think they'll spend it any wiser, but you know what they say - "A penny saved is a penny earned."

See?  Round that up to a nickel, and we're really making money!


Later.

2 comments:

  1. Thank you for sharing some of your experience and wisdom.by Andy and FSN

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  2. I was wondering how that was going. I wonder if they will finally do this in the States as well?

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