I’ve never heard of a job that paid on those terms. Historically, you’ve had hourly contracts on a fixed schedule, so you were functionally guaranteed a minimum number of hours. But modern service workers operate under Zero Hours contracts that don’t guarantee any kind of minimum.
Is this an US-specific problem?
Monthly salaries with hourly compensation for overtime is a thing too
I’ve never heard of a job that paid on those terms. Historically, you’ve had hourly contracts on a fixed schedule, so you were functionally guaranteed a minimum number of hours. But modern service workers operate under Zero Hours contracts that don’t guarantee any kind of minimum.