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This part of the game kinda ruins immersion.
You're hiring employees, not buying slaves.
They're paid a per-day wage, and if you've not paid off your starter loan/have taken out a new one, the bank charges interest each day as well.
Click the bank when you're docked somewhere, and you'll see how much you still owe.
You'll start out owing a little over $400,000 for the ship you choose at the beginning, and each time you jump, it'll take out money until its paid off.
(it'll usually take out a little over $2,000 per jump)
A good tip is to always be hauling cargo at the beginning. Always. Cargo or passengers.
Jobs pay well, but generally you get a better profit the farther away you travel.
In the Bank screen you'll see all the Mortgage and Crew Salaries details. Click "pay extra" to the right of the Mortgage amounts and you can pay down your loan.
I was surprised at how quickly I was able to pay off my loan. (But then time does fly when playing this fun game. I can't believe I spent over 4 hours with it last night
I wouldn't recommend it, though. You're better off with the cash up front to upgrade to bigger and better ships. I took an extra loan so I could afford my first freighter and the money just rolled in after that.