without 'monitization' ps remains and will always be in addition to pay rates.

paid as equity holders in the business.

with 'monitization', ps is absorbed into pay rates, likely to never be reestablished. and wages are always paid as labor, with no equity position in the business.

pay rates can evaporate with the stroke of a pen. with no 'automatic' recovery resulting from improving economic performance.

idk why the benefit of this arrangement is any longer a point of debate.