Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-09-2019, 08:16 AM
 
20,955 posts, read 8,594,755 times
Reputation: 14048

Advertisements

Some conservatives melt....and all the anarchists also.....

“If you get a job at Bank of America, you’ll make $41,000,” Chairman and CEO Brian Moynihan says."

Before anyone mentions these are "professionals", I'll note that my 18 yo Son worked in a drive-up window.

Other Banks are following suit. Good for them.

For those who want to only bank where low wages are paid, that's easy enough. Check the job listings or sign up for a free trial on Glassdoor.
https://www.glassdoor.com/Salaries/b...RCH_KO0,11.htm

Me? I'm going to check in with my local bank AND Fidelity and Vanguard and make sure they are paying living wages. Social justice is good.

Last edited by craigiri; 04-09-2019 at 08:27 AM..
Reply With Quote Quick reply to this message

 
Old 04-09-2019, 08:22 AM
 
19,741 posts, read 11,987,804 times
Reputation: 17477
Is it always team sports with you?

Good for BOA. If they can pay employees $20/hr why not?
Reply With Quote Quick reply to this message
 
Old 04-09-2019, 08:23 AM
Status: "Ephesians 6:12" (set 27 days ago)
 
45,048 posts, read 26,207,698 times
Reputation: 24789
Maybe the serfs wont look so unfavorably at their crony/govt counterfeiting business model if they virtue signal enough. I see its working on some already. Besides we can always bail them out if they err in overpaying their employees.
Reply With Quote Quick reply to this message
 
Old 04-09-2019, 08:58 AM
 
19,394 posts, read 6,450,722 times
Reputation: 12309
How will they compete with banks that offer-market rate wages? They'll have to raise the rates on services, or maybe cut staffing. The bank I now use has ONE teller, and the line is long, especially around lunchtime.

Reminds me of how printers would brag "we pay Union rates" as if that would attract buyers. All it meant was that were paying a kid with a HS degree $25 an hour to run the press, and the price for the finished product was much higher to the purchaser.

There's no free lunch. Somebody always has to pay.
Reply With Quote Quick reply to this message
 
Old 04-09-2019, 09:00 AM
 
2,362 posts, read 769,273 times
Reputation: 873
$20 an hour is nothing in the USA. For any position that requires a college education, the minimum wage should be at least $100 an hour in the USA and $20 an hour can be for positions like burger flippers, etc.
Reply With Quote Quick reply to this message
 
Old 04-09-2019, 09:01 AM
 
Location: Florida
23,795 posts, read 13,176,846 times
Reputation: 19952
Quote:
Originally Posted by craigiri View Post
Some conservatives melt....and all the anarchists also.....

“If you get a job at Bank of America, you’ll make $41,000,” Chairman and CEO Brian Moynihan says."

Before anyone mentions these are "professionals", I'll note that my 18 yo Son worked in a drive-up window.

Other Banks are following suit. Good for them.

For those who want to only bank where low wages are paid, that's easy enough. Check the job listings or sign up for a free trial on Glassdoor.
https://www.glassdoor.com/Salaries/b...RCH_KO0,11.htm

Me? I'm going to check in with my local bank AND Fidelity and Vanguard and make sure they are paying living wages. Social justice is good.
The banks are getting a windfall from Trump--they better be paying higher salaries. I can tell you that as of now--their customer service has a lot of reps that know nothing--they need higher quality personnel.

Sure--drain the swamp, blah, blah, blah.

https://www.politico.com/story/2019/...rofits-1203266
Reply With Quote Quick reply to this message
 
Old 04-09-2019, 09:01 AM
 
19,394 posts, read 6,450,722 times
Reputation: 12309
Another thing.

If they pay tellers $41,000, don't you think the Asst Branch Manager earning $45k is going to balk? They're going to have to bump up their salaries too. But wait, now they're at $55k, and the Branch Manager earning $65k needs a raise also.

Their compensation costs are going to jump big time, unless of course they plan to use technology to replace more employees. Might be a money-saver, after all!
Reply With Quote Quick reply to this message
 
Old 04-09-2019, 09:01 AM
 
4,559 posts, read 3,377,701 times
Reputation: 2567
They probably are on the verge of introducing totally automated drive up windows.
Reply With Quote Quick reply to this message
 
Old 04-09-2019, 09:03 AM
 
19,394 posts, read 6,450,722 times
Reputation: 12309
Quote:
Originally Posted by NomadicDrifter View Post
$20 an hour is nothing in the USA. For any position that requires a college education, the minimum wage should be at least $100 an hour in the USA and $20 an hour can be for positions like burger flippers, etc.
So $200,000 a year for any Joe Blow who manages to squeak by State U with a C average?
Reply With Quote Quick reply to this message
 
Old 04-09-2019, 09:13 AM
 
15,047 posts, read 8,830,906 times
Reputation: 9509
Quote:
Originally Posted by Rachel976 View Post
Another thing.

If they pay tellers $41,000, don't you think the Asst Branch Manager earning $45k is going to balk? They're going to have to bump up their salaries too. But wait, now they're at $55k, and the Branch Manager earning $65k needs a raise also.

Their compensation costs are going to jump big time, unless of course they plan to use technology to replace more employees. Might be a money-saver, after all!
So let's just keep wages low and let people barely scape by. Meanwhile, Bank of America saw a profit of close to $23 billion last year, and the CEO is pulling in excess of $22 million a year. All the C-Suite executives are taking home tens of millions of dollars every year.

But sharing the wealth by paying their workers a good wage is going to break them.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top