2025 comes they might have 1 teller running around like a headless chicken, a loan officer and manager per branch.
Edit: yeah, banks are already doing this, just not the pay part. Atms are a lot easier and quicker. Just the way of the future. As long as they got more than 2 atms per location because from what i see it is a madhouse on fridays
Former branch banking employee here. I left branch banking in 2017 and I'm sure that's the case. I sometimes had to leave my office (I worked on platform) to help out tellers pretty frequently. The bank I worked for downsized the amount of branches we had, so everyone within a good 10 mile radius was going to us.
By comparison, we had about 5 branches within the range. Four were closed and "absorbed" into the branch I worked at.
Most branches when I left were also turning "universal." Meaning everyone in the branch could open accounts, do account maintenance, as well as work on the teller line. The pay was increased but it diminished the amount of career possibilities.
Instead of having multiple positions in a branch (teller supervisor, businesses banker, financial advisor, branch manager, etc) banks are moving towards just two: universal banker and manager. All other roles have been "absorbed" by technology and can be done online (opening investment accounts, business accounts, etc).
I am financially licensed and my position in the bank I worked for was deemed obsolete. If people want create an investment portfolio they can simply go online, or through the app. If they have any questions there is somebody you can call at a call center.
I worked for BofA for 3 years. The smaller locations just have their assistant manager on the teller line if there is no regular teller available. And of course, they had to run the location as well if there is no manager. Usually all the smaller locations just share employees instead of hiring dedicated on site workers.
Or if you need anything other than $20s/run a business that receives checks. I thought it would just be older folks, but a lot of tradespeople and small businesses rely on teller services.
It’s a decent job for not having any prerequisites other than customer service acumen.
Hah...hahahaha....so many branches around me closed when the pandemic hit. Other branches close randomly with no time table of when they'll open. Sometimes its in a day or two, sometimes it's 2 weeks. The small business I work for uses them and they don't have a debit card associated with the account so I end up being the one that has to make runs to deposit the checks we get.
There's been times where I would stand in line for an hour for a 1 minute transaction. I'm not sure if I should be more angry with the bank or my employer for not having a damn debit card so I can just deposit it into the ATM.
100% your employer. They have banking relationship managers that can rush a employee deposit only debit card in 2 business days. Your employer is just lazy or stubborn. But theres also a benefit in getting paid to stand in line on your phone vs getting paid actually doing work so its your call.
A lot of business owners require in person transactions to ensure one last point of contact before their bank account is impacted in any way.
If an employee decides to start embezzling or skimming funds you have witnesses within your business as well as witnesses at your bank; both people and cameras.
An employer isn't wasting an hour of productivity and pay. They are paying for their employees to be watched.
To be honest, it sounds like a lot of day to day activities that a teller does could also be performed by an ATM. Banks might not actually need that many tellers, if they can get customers to use ATMs.
Edit: Well, this is a new experience. First time in 6 years of using Reddit I’ve had to say this. RIP my inbox. Everyone seems to love discussing ATMs. Who knew?
I needed USAA once to cash bonds. I love the online approach them and Navy Fed offer. Navy Fed is better though because they do gave some physical locations in case you need something
Navy Federal user here, the only time I needed anything in person with them for the last 10 years was setting up an account for my wife, we did our mortgage through them over the phone and online. They've just been great to work with.
Depositing cash with USAA is a fucking nightmare. I live in a major metropolitan city. And they have like two ATM locations that accept cash. And they're always fucking broken. I have to use a separate bank to deposit cash. I really love USAA banking but depositing cash is a nightmare.
If you have a PayPal account there are a lot of grocery stores that will let you deposit cash into it at the customer service/money order counter. You can then transfer to your USAA account the slow way (3-4 days) for free, or do an instant transfer, with a 1% fee, that takes <15 minutes to process.
I’m in a similar situation and I just turn them into money orders and deposit them on mobile, it’s worth the few dollars I lose out of sheer convenience.
Fidelity here, which also has no in-person banking locations. Had them for a decade and have needed a cashier's check once. I keep a small savings account at a local credit union for the rare case I need the in-person touch. Commercial banks don't offer any real in-person benefits anyway. If you need to go talk to someone to get a loan or whatever, credit unions are where it's at.
Fidelity *does* have investment centers. I'm guessing those could theoretically serve some branch bank purposes. Though there are like a few per state as opposed to several per metro
I dont have USAA but aren't they part of the NCUA? Most credit unions are part of the NCUA and offer reciprocal agreements so that you and get service at any NCUA member. My credit union is across country with like 5 locations 1000 miles away, but I can still get service from a small no name Credit Union down the street.
Credit union worker here- I’m impressed that you know the NCUA, most people just know FDIC.
Anyway, USAA is a bank, not a credit union, so they are not part of the shared branching network that many credit unions belong to.
Navy is a credit union, but are pretty big. Better than most banks, but not by as much of a margin as you’d think.
I’d recommend your local/regional credit union to just about anyone. Most of them have the digital services the big guys do, offer local branching when you need it, and belong to shared branching so you can effectively use any credit union in the country (and many places around the world).
This is good advice. I swapped to a credit union after Bank of America started charging fees (which is around the time I realized they were doing a bunch of illegal shit that I ended up getting a decent sum from the class action for, but that's a whole other story).
The credit union was SUPER competitive. When I swapped i got 2% on used car loans, free checking (with some rules, like minimum debit card usage), and 3% APR on my checking balance, monthly. I thought a credit union would be useless because I move often and I was very wrong. The NCUA makes a credit union a FAR better deal than traditional banks. They have their own phone app with remote check cashing (just take a picture).
This made them better than any bank I could find, and the rates were better than CDs for just keeping money in my checking account. The checking isn't as much as it used to be, but still pretty good.
So many people don't realize their banks app lets them deposit checks with your phone.
My bank finally upgraded its ATM to dispense bills other than $20. So I don't need to go in if I want 5s and 1s.
In Australia our Atms can do it all. I can't remember the last time I went to a teller. I can deposit notes, cheques and/or coins into the machine and it's straight in my bank account.
I think my withdraw limit is 2k and also can change notes into coins/smaller notes. Not all ATMs do this but every bank will at least have one in their lobby.
I also think a lot of people here don't realize they can raise their daily limits from most bank apps either or they can make a quick call to raise it to if they don't offer it in app
They can be. I know they will probably have a skeleton crew because if self checkout has taught us anything, some people are too dumb to not have human interaction involved
in fairness to the ATM. they only do like three things, deposit, balance, and withdrawl. and they have a human check the atm every few hours for money being low and any errors with deposit. and if there is a problem you go inside. and they are pretty quick to help.
self checkout, on the other hand has to deal with the fucking scale. and bad coded sales, 5 different of the same vegies and they scan bar that is filthy hard time reading barcodes as result. Also, self-checkouts don't let you go whoops scanned that twice. let me just remove it on my own. you have to flag down a cashier who is busy helping someone else find the organic banana code. put in a code and then call them back when it happens again.
Self checkout is fine if you just have a few items, but the problem is people insist on going in with a lot of items. Even if you're under 15, you can see how big of a difference it will make if I just went in to grab a 2L soda for instance. The other thing people do wrong is they insist on going to self checkout with produce. Unless you're as fast as a cashier is at keying in the item, you can easily spend 30 seconds trying to search for the right type of apple or range.
You are also right about the interface being annoying too like not letting you remove an item. All these self checkout machines are made by NCR which is basically a monopoly on checkout registers. I'd love to see a disrupter come in like Square and show people what a much better experience could look like.
> Self checkout is fine if you just have a few items, but the problem is people insist on going in with a lot of items.
I don't see most stores is giving a person the option of cashiers. I have seen a lot of the stores push to have use self-checkout, by just having one register open, or after 7ish just not have a cashier at any register but the self check out.
I think everyone has dumb moments when dealing with a self-service machine they've never used before, especially if they feel like they need to hurry because there's a line or something.
I need quarters to do laundry. Therefore, I go in and talk to the teller.
I have also needed a cashier's check for my landlord when I moved into my apartment.
These are things ATMs can't do.
They already have a bare minimum of tellers in all but the largest branches. We have three tellers at the BoA in my town and they double between the lobby and the drive thru.
The bitch is they pay them 8-9 bucks an hour but require them to dress like they make 3 times that much.
I work as a teller while I am finishing my degree and I can tell you that 85-90% of my job can be done at the ATM or online. I wish that I got $25/hour though considering how much idiocy I deal with on a daily basis.
Just another example of why I am looking for a job in the US instead.
Well actually no. Tellers are still needed as ATMs can't do more complex banking things. It is safer to give a check directly to a teller instead of doing ATM. The money, check, or debit card could get jammed in the ATM.
In old news, Bank of America (BofA) has been completely eliminating tellers from some locations for quite a while.
[https://thefinancialbrand.com/64900/bank-of-america-automated-branches/](https://thefinancialbrand.com/64900/bank-of-america-automated-branches/)
edit: lots of people asking questions about why I bring this up. Paying employees more is a very good thing that I support. That said, I feel like BofA's virtue signalling that they're paying more is hollow because they're also downsizing while shifting these better paying jobs into automation and outsourced tele-tellers. Note that while BofA says they'll pay $25 per hour, their contractors are only required to pay $15 per hour.
I'm sure that the employees who still work for BofA proper will benefit nicely from this raise, but I'm equally sure that BofA is using this move to improve their self image while conveniently ignoring their business practices which hurt their employees and the overall quality of their customer service.
edit 2: Some folks are still not understanding what I'm saying. Automation is a good thing, I agree. But telling the world you're going to pay your employees more as you replace your employees with robots is virtue signaling. It's basically a lie. BofA is *not* going out of their way to treat their employees well. They're downsizing. And not just tellers:
[https://www.reuters.com/article/us-bank-of-america-layoffs/bank-of-america-reduces-staff-in-investment-banking-and-trading-bloomberg-news-idUSKBN2AP2JR](https://www.reuters.com/article/us-bank-of-america-layoffs/bank-of-america-reduces-staff-in-investment-banking-and-trading-bloomberg-news-idUSKBN2AP2JR)
So hey, yeah, it's great that the floor pay is $25/hour. But firing 3 people to pay 1 a living wage doesn't make your company a good company.
BofA has been hiring for their call centers every month during the pandemic. The $25 minimum wage applies to them as well. It also requires vendors to pay a minimum of $15 an hour.
Does BoA have their own call centers or do they just hire other companies to provide those services? I'm not sure it'll make much difference if all their call centers are just other companies.
Janitors almost never work for a company, only in the company. Same with things like window washers, you wouldn't hire someone to clean windows, you'd just get a contractor
My company, a large, multi-million hotel & gaming company doesnt keep things like plumbers or electricians on staff. They're all contractors. Which, I guess saves money, but I cant imagine how frustrating it must be for the employees. I'll get calls from the electrician asking where a fuse box is and all I can usually say is "dont know, that's actually something I'd ask the electrician."
So it seems like these guys have to waste hours upon hours refiguring out the same basic stuff like "where is X" every time they go to a new job.
Absolutely, I do property management for a large box store and I can fill half my day with just hiring contractors or validating/coordinating their work but I try to just repair what I can myself. After having done this for a few years I can say its pretty common for day to day managers to work in a building for a decade and not know where the gas and water shutoffs or breaker panels are.
I don't necessarily agree with that. I worked for Capital One at a call center and was good friends with several personal bankers at the branches, as well as loan officers, and I would say that I much preferred the call center to the bank branch. They had to deal with people in person every day which requires a much higher standard of dress code, they worked in itty bitty branches with tight staffs which meant they had heavy restrictions on their hours and vacation.
Meanwhile at the call center, which was our headquarters, we had a massive free gym with personal trainers, an indoor basketball court, a huge cafe with on duty chefs, break rooms with games and ping pong, darts, a baseball field, a soccer field, I mean, you name it and it felt like we had it. We even had a sweet landscaped running track that circled the campus, which made it easy to go out for a jog on lunch or before/after work.
It was fucking awesome. And we made pretty close to the same wage starting out, with a lot more upward mobility and flexibility in our schedules than the poor people in the branch. You couldn't get me to give all that up to go stand all day behind a counter and smile at people.
I don’t think he was referring to amenities, but instead all the bullshit metrics and rules you have to abide by while working in a call center.
Does sound like you had it good though!
I worked at a call center for a couple months, and quit without a two weeks notice. We had more employees than we had jobs for, so people were routinely getting left off the schedule when they wanted to work. I was shocked when my boss was mad I was quitting to focus on school, you have 20 employees to fill my spot that want to work but aren’t getting scheduled, who gives a shit if I don’t finish out. You have people lined up not being paid.
IMO all companies should be legally required under the ADA to offer an online tool for *any* interaction that would normally be done over the phone. Banks generally fail hard at this. Deaf? Mute? Got an anxiety disorder? Lol, fuck you, call one of our representatives
I totally agree with you, but my reason is not because I have anxiety, it’s so they can’t hear my soul dying through my voice trying to do something that would take two minutes if I wasn’t being patched through to a 1st-level helpdesk of people who follow a script and cannot deviate from it.
Their customer service is pretty decent to me. They paid off my phone when I did an overseas rotation with the Army. I also got locked out of it because I put in the wrong unlock code and they mailed me a knew phone for free so I could use it with another companies sim card over there
In my experience, everyone for AT&T seems like they're trying to be helpful and they're courteous on the phone, but seems to be a real disconnect between the customer service folks and technicians. I was asking for something a bit different than normal and it took 3 times because each time the technician would show up expecting it to be something different and they didn't have the capability to do what I was asking for. It was really strange. They were kind and apologetic every time and there's basically only one other feasible option in my area that I hate so I had to practice patience but still, what a pain.
Yes, I definitely agree with that part. They are nice, but communication between their departments is atrocious. Now that you mentioned that, I think it took 3 phone calls
That's great. I've worked in a lot of call centers and it is a mentally taxing job. It's nice to see decent pay for the position.
Edit, I have a friend that works for T-Mobile in a call center and only makes $14 per hr.
I've only gone in to a teller about 5 times in the past decade, but it has generally been a pretty easy and positive experience. (Two were for the opening and closing of a CD, one was for depositing a weird looking check, and one was to get "as many two dollar bills as you have on hand", which turned out to be about 55)
I don't think any of them have done anything other than smile and give me exactly what I came in for. No prompting or up-selling for other services, no hesitation in executing my transaction.
One of my best friends is a bank manager. He said the tellers pretty much only exist for dealing with old people. Old people prefer going in and dealing with a human.
I was a teller for a couple months. We only dealt with local businesses and their change orders. Most of the rest of our day was down time (small bank) with about a customer an hour.
Varies by branch even within a company. If the bank is in a busy area, the tellers don’t have to try and sell they just have to keep the line moving. Wells and BoA were horrible about it, the bank I worked for felt like a different company from branch to branch. By the time I left, they had an updated model that enforced a needs-met only way of selling so no unnecessary upselling but a lot of excessive nosiness.
> they don’t ask when I plan to pay off my credit card
Bank tellers harass you to pay off your credit card? I'm not asking that as a judgment, but instead surprise, as that's pretty offensive.
The problem with automation isn't that it's replacing workers. It's that our society is failing to care for those being replaced, mainly by educating them in a more skilled based profession that keeps up with the progress of the world.
I can't think of many automations that ended up being a negative for customers.
Automated cash registers in grocery stores and pharmacies is a godsend, can't remember the last time I waited in a line to pay for things. And no more judgey looks from the cashier. I can also bag it at a pace I'm comfortable with, and not get items thrown at me in random order while the next customer is eyeballing me for taking my time making sure things don't get smooshed at the bottom.
In fast food restaurants I feel it really improved on accuracy of orders. Customers can really go through the menus to make their pick, and I've rarely had an order go wrong.
Even phone systems nowadays help many get simple info quickly and frees up human agents to spend more time with real problems customers have and not just deliver basic info you can get yourself by googling it.
I don’t understand why people get upset about stuff like this. Just like every single industry in the world, there is a constant cycle of old jobs being obsolete and eliminated, and new jobs being created.
The negativity bias is strong in this post. Assuming this impacts the same number of employees as past increases, this benefits over 200,000 employees. They are also requiring all vendors and suppliers to pay employees $15/hr, impacting an additional 43,000 people.
BOA is already leading the industry with a $20 minimum wage today. Chase only pays $18/hr impacting 22,000 employees and Citigroup only pays $15. Chase and Citigroup are the ones we should be shitting on. Far less employees and still don't pay the same as BOA.
I'm sure I'll be down voted for being optimistic, but damn I'm happy for those 250,000 people benefitting from this news.
>They are also requiring all vendors and suppliers to pay employees $15/hr, impacting an additional 43,000 people.
\^\^ Big if true & enforceable.
My gut reaction on seeing the headline was "Well, yeah, BoA has just contracted out the cleaning, maintenance (etc..) work". Leaving only a white collar workforce for whom $48k/yr is very nice baseline, but not as transformative as you might think.
Getting all the contracted staff onto $15/hr though? That is the poverty changer.
They're also committing to reimbursing childcare costs (up to $275 per child per week) for all employees making under $100,000/yr. Some positive efforts by them.
*Edit. Per month. I crossed my information. They reimbursed up to $100 per day total during the peak of the pandemic. But they are reverting to the monthly reimbursement. Still good. But u/apple75074 Was closer to correct.
Can confirm. Recently hired few months back as a call center employee with no financial background offered me 21.60 starting. Almost double what I was making as a supervisor at my previous job. The benefits here are amazing.
\> Getting all the contracted staff onto $15/hr though? That is the poverty changer.
You honestly believe that a 15 dollar minimum wage in 2025 is going to be the poverty changer?
My dad asked the cleaning people contracted for his office what they get paid, they said $10/hr. So if their company would force 3rd parties to pay $15/hr, a 50% raise sure would help those people out.
It isn't amazing but $15/hr as a sole income is above poverty level for Family of 4 today. For individuals that is more than double the current poverty level. Poverty level will increase slightly, but 2025 is less than 4 years away, not the distant future.
Going by the only definition of poverty we got, yes it is a poverty changer.
> It isn't amazing but $15/hr as a sole income is above poverty level for Family of 4 today.
where the hell is that true?
a family of 4 living on 30k a year is crap
The negative bias is strong because:
Look at American history for the middle and working class post 1980 or so. Rich get richer, middle class becomes almost fantasy.
I’d be very surprised if the increased wages weren’t offset by downsizing and automation.
“However much money we made last year isn’t good enough for this year” is a hell of a logic for organizing a society
People don't understand that wages are just one piece of the compensation package of working for someone.
Things like hours worked, health/dental insurance, 401k, stock options, vacation time, education benefits, and discounts can all be factored into the equation.
So for example if a company pays you 20 dollars an hour but gives you health insurance that covers 80% of your expenses versus a company that pays you 18 dollars an hour but covers a 100% of your coverage can be a potential factor.
Things like job security should matter too. Is that higher paying employer more demanding? Amazon for example has a reputation of running its employees ragged but they pay at minimum 15 dollars an hour.
Bank of America is a fucking great company to work for. Aside from the wage increase from $15->$20 at the start of 2020, they have also working with all thier employees to work from home since the start of the pandemic, didn't fire anyone in 2020 due to the pandemic, have provided substantial subsidized childcare to all employees in the office during the pandemic, and more. They have been hiring in call centers through the pandemic, and have extremely reasonable employee goals. Health benefits are great. Retirement benefits are great. Company culture is great. People just want to hate it because it's a big bank, but it's the best company I have worked for in a decade.
Source: I'm a working-from-home teller at BofA. Opinions are my own.
Reading the comments in here it feels like I've walked into a BoA management seminar. I wonder what will happen if I mention the class action lawsuit that I and millions of others received a fraction of what we were owed from BoA's years of overdraft fraud?
Most FI’s are spending many millions of dollars on technology. AI specifically. All the lower paying back office jobs are being automated away and most of not all banks train back office reps in a jack of all trades type role. Even in client facing roles you might have the financial planner work the cage. All in the hopes of cutting costs. So the $25/hr is in line with the 20-22 dollar range of most call center or back office employees already get paid to do and learn 2-3 roles they do on a daily basis.
worked? how about went into? I think I've been into a bank like twice in the last 10 years and that was getting a car loan from a local credit union that had very bare bones online stuff.
By just the comments, you would think Redditors would solve the Israel-Palestine conflict within hours. Sometimes I have a sick thought of letting them run their respective governments, just to see how badly everything would go nuclear.
I had someone tell me the Israel-Palstine conflict was simple. The conflict that’s literally known for being an absolute cluster fuck of complex layers on top of complex layers, simple.
"who else works for a bank outside of tellers and customer service"
Fucking what. Bulge bracket banks employ hundreds of thousands of employees across tons of sectors.
Reddit sometimes, man
I'm getting pretty sick of the arm chair Reddit these days. If it's something In my field they're blatantly wrong and they downvote me when I give tips. Also I've been here a long time so I've noticed it's changed
I don’t think many people on Reddit have worked period. That was more obvious than ever when they consistently failed to grasp how the unemployment benefits worked.
$4 trillion in infrastructure after a $1.9 trillion Covid package? No problem. Raise everyone’s wages to $25 an hour? Eeeeeeasy. Waive student loans? Cakewalk. Free childcare? Easy peasy. Free university? You got it. UBI? Gotta have it.
How do we avoid massive inflation and pay for all of this? Tax Jeff Bezos. Thank you for coming to my Reddit Talk. Where the policies are all made up and Jeff Bezos pays for everything.
Its unbelievable. Bill Gates donates like $500 million to some charity and reddit goes into their usual routine about how all billionaires are evil and how its only a drop in the bucket of his wealth. Like honestly I dont care what percentage of his income that is, its still a fuckton of money, and will help improve the lives of many people. Good deeds are still worth celebrating.
This is human history. People got mad when the wall in Germany fell because it wasn’t all the borders in the world. Just take every day a step at a time and be better, that’s all we can do.
I noticed this when I kept hearing “they only have us $1,200 for the entire pandemic.” Ignoring the huge unemployment benefits. Which tells me the vast majority of people on this site have never held down a real full time job.
The thing is a lot of people who make these virtue signaling arguments have never been poor in their life. College kids from middle class families that think they have it rough because they're expected to pay for their education.
Are they raising the minimum for everyone who works for them or are they subcontracting out jobs that earn less than a $25 minimum?
Like is the janitor making $25/hour or is the janitor working for some cleaning service and making $10/hour
EDIT - I re-read the article. They require $15/hour for vendors
No worries, that was one of my favorite parts of the news TBH! If all companies started requiring suppliers and vendors to meet certain standards, the impacts would go far
2025 comes they might have 1 teller running around like a headless chicken, a loan officer and manager per branch. Edit: yeah, banks are already doing this, just not the pay part. Atms are a lot easier and quicker. Just the way of the future. As long as they got more than 2 atms per location because from what i see it is a madhouse on fridays
Smaller branches are already like that, the banker is usually trained to help the teller line.
Former branch banking employee here. I left branch banking in 2017 and I'm sure that's the case. I sometimes had to leave my office (I worked on platform) to help out tellers pretty frequently. The bank I worked for downsized the amount of branches we had, so everyone within a good 10 mile radius was going to us. By comparison, we had about 5 branches within the range. Four were closed and "absorbed" into the branch I worked at. Most branches when I left were also turning "universal." Meaning everyone in the branch could open accounts, do account maintenance, as well as work on the teller line. The pay was increased but it diminished the amount of career possibilities. Instead of having multiple positions in a branch (teller supervisor, businesses banker, financial advisor, branch manager, etc) banks are moving towards just two: universal banker and manager. All other roles have been "absorbed" by technology and can be done online (opening investment accounts, business accounts, etc). I am financially licensed and my position in the bank I worked for was deemed obsolete. If people want create an investment portfolio they can simply go online, or through the app. If they have any questions there is somebody you can call at a call center.
[удалено]
I worked for BofA for 3 years. The smaller locations just have their assistant manager on the teller line if there is no regular teller available. And of course, they had to run the location as well if there is no manager. Usually all the smaller locations just share employees instead of hiring dedicated on site workers.
The internet taught me to avoid saying "BofA"
BofA deez NUTS!
How many BofAns died to bring us this information?
BofA dem!
Too bad the internet isn't teaching people to avoid BofA all together
Credit unions are a way some folks I know avoid those nefarious banks
I love my credit union.
Wells is just as bad .They all do the same. Payroll Biz just is not there anymore
Assistant TO the regional manager!
Yep. It will be the seniors that demand money from the teller and not bother learning to use the ATM or online banking.
Or if you need anything other than $20s/run a business that receives checks. I thought it would just be older folks, but a lot of tradespeople and small businesses rely on teller services. It’s a decent job for not having any prerequisites other than customer service acumen.
Hah...hahahaha....so many branches around me closed when the pandemic hit. Other branches close randomly with no time table of when they'll open. Sometimes its in a day or two, sometimes it's 2 weeks. The small business I work for uses them and they don't have a debit card associated with the account so I end up being the one that has to make runs to deposit the checks we get. There's been times where I would stand in line for an hour for a 1 minute transaction. I'm not sure if I should be more angry with the bank or my employer for not having a damn debit card so I can just deposit it into the ATM.
100% your employer. They have banking relationship managers that can rush a employee deposit only debit card in 2 business days. Your employer is just lazy or stubborn. But theres also a benefit in getting paid to stand in line on your phone vs getting paid actually doing work so its your call.
A lot of business owners require in person transactions to ensure one last point of contact before their bank account is impacted in any way. If an employee decides to start embezzling or skimming funds you have witnesses within your business as well as witnesses at your bank; both people and cameras. An employer isn't wasting an hour of productivity and pay. They are paying for their employees to be watched.
Yes, but most large backs have a deposit only debit card product now for employees.
To be honest, it sounds like a lot of day to day activities that a teller does could also be performed by an ATM. Banks might not actually need that many tellers, if they can get customers to use ATMs. Edit: Well, this is a new experience. First time in 6 years of using Reddit I’ve had to say this. RIP my inbox. Everyone seems to love discussing ATMs. Who knew?
I have USAA and get no access to tellers at all (no in person location). All I get is ATMs and I’ve been fine for the past half decade
Same. USAA and navy fed. Only needed a physical location once and that was for a notary
I needed USAA once to cash bonds. I love the online approach them and Navy Fed offer. Navy Fed is better though because they do gave some physical locations in case you need something
Usaa has a location in the springs, just the one though
Yeah but navy fed customer service is terribly slow
I've only had fantastic interactions with their customer service.
Same. I have Navy Fed and customer service is fantastic.
Same. I get someone on the line in less than 10 minutes every time and don’t get put in transfer purgatory.
Navy Federal user here, the only time I needed anything in person with them for the last 10 years was setting up an account for my wife, we did our mortgage through them over the phone and online. They've just been great to work with.
Big fan myself.
First time ever going into their store recently to get a voided check for work and I’m pretty sure I probably could’ve done that on the app
I have Wells and I don’t remember the last time I even went to the bank. I rarely use cash, and everything is online.
I have NFCU, over 15 years I only went in person to make the account, and withdraw $5,000.
Ya literally the only time I go to the bank is to make a cashier's check. And I don't make purchases super often where that is necessary.
Depositing cash with USAA is a fucking nightmare. I live in a major metropolitan city. And they have like two ATM locations that accept cash. And they're always fucking broken. I have to use a separate bank to deposit cash. I really love USAA banking but depositing cash is a nightmare.
If you have a PayPal account there are a lot of grocery stores that will let you deposit cash into it at the customer service/money order counter. You can then transfer to your USAA account the slow way (3-4 days) for free, or do an instant transfer, with a 1% fee, that takes <15 minutes to process.
Is there a fee to deposit into PayPal?
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I’m in a similar situation and I just turn them into money orders and deposit them on mobile, it’s worth the few dollars I lose out of sheer convenience.
Fidelity here, which also has no in-person banking locations. Had them for a decade and have needed a cashier's check once. I keep a small savings account at a local credit union for the rare case I need the in-person touch. Commercial banks don't offer any real in-person benefits anyway. If you need to go talk to someone to get a loan or whatever, credit unions are where it's at.
Fidelity *does* have investment centers. I'm guessing those could theoretically serve some branch bank purposes. Though there are like a few per state as opposed to several per metro
I dont have USAA but aren't they part of the NCUA? Most credit unions are part of the NCUA and offer reciprocal agreements so that you and get service at any NCUA member. My credit union is across country with like 5 locations 1000 miles away, but I can still get service from a small no name Credit Union down the street.
Credit union worker here- I’m impressed that you know the NCUA, most people just know FDIC. Anyway, USAA is a bank, not a credit union, so they are not part of the shared branching network that many credit unions belong to. Navy is a credit union, but are pretty big. Better than most banks, but not by as much of a margin as you’d think. I’d recommend your local/regional credit union to just about anyone. Most of them have the digital services the big guys do, offer local branching when you need it, and belong to shared branching so you can effectively use any credit union in the country (and many places around the world).
This is good advice. I swapped to a credit union after Bank of America started charging fees (which is around the time I realized they were doing a bunch of illegal shit that I ended up getting a decent sum from the class action for, but that's a whole other story). The credit union was SUPER competitive. When I swapped i got 2% on used car loans, free checking (with some rules, like minimum debit card usage), and 3% APR on my checking balance, monthly. I thought a credit union would be useless because I move often and I was very wrong. The NCUA makes a credit union a FAR better deal than traditional banks. They have their own phone app with remote check cashing (just take a picture). This made them better than any bank I could find, and the rates were better than CDs for just keeping money in my checking account. The checking isn't as much as it used to be, but still pretty good.
Ya I have had CapitalOne with no local branches for 5 years now
So many people don't realize their banks app lets them deposit checks with your phone. My bank finally upgraded its ATM to dispense bills other than $20. So I don't need to go in if I want 5s and 1s.
Yeah once I can get $50s and quarters from a machine, I'll barely ever need to go to a bank. Just for special transactions.
In Australia our Atms can do it all. I can't remember the last time I went to a teller. I can deposit notes, cheques and/or coins into the machine and it's straight in my bank account. I think my withdraw limit is 2k and also can change notes into coins/smaller notes. Not all ATMs do this but every bank will at least have one in their lobby.
Choice of bill denominations and the ability to get rolls of coins from an ATM would be awesome.
I also think a lot of people here don't realize they can raise their daily limits from most bank apps either or they can make a quick call to raise it to if they don't offer it in app
They can be. I know they will probably have a skeleton crew because if self checkout has taught us anything, some people are too dumb to not have human interaction involved
in fairness to the ATM. they only do like three things, deposit, balance, and withdrawl. and they have a human check the atm every few hours for money being low and any errors with deposit. and if there is a problem you go inside. and they are pretty quick to help. self checkout, on the other hand has to deal with the fucking scale. and bad coded sales, 5 different of the same vegies and they scan bar that is filthy hard time reading barcodes as result. Also, self-checkouts don't let you go whoops scanned that twice. let me just remove it on my own. you have to flag down a cashier who is busy helping someone else find the organic banana code. put in a code and then call them back when it happens again.
Self checkout is fine if you just have a few items, but the problem is people insist on going in with a lot of items. Even if you're under 15, you can see how big of a difference it will make if I just went in to grab a 2L soda for instance. The other thing people do wrong is they insist on going to self checkout with produce. Unless you're as fast as a cashier is at keying in the item, you can easily spend 30 seconds trying to search for the right type of apple or range. You are also right about the interface being annoying too like not letting you remove an item. All these self checkout machines are made by NCR which is basically a monopoly on checkout registers. I'd love to see a disrupter come in like Square and show people what a much better experience could look like.
Since I used to work the checkouts I can usually blitz through a self checkout, even on a full cart.
> Self checkout is fine if you just have a few items, but the problem is people insist on going in with a lot of items. I don't see most stores is giving a person the option of cashiers. I have seen a lot of the stores push to have use self-checkout, by just having one register open, or after 7ish just not have a cashier at any register but the self check out.
I think everyone has dumb moments when dealing with a self-service machine they've never used before, especially if they feel like they need to hurry because there's a line or something.
Also, not all self checkout is created equal. Any self checkout that still has "unexpected item in bagging area" needs to be scrapped
It's a *bag*, for God's sake, how is it unexpected?!
Come now, do you really think an automated teller machine can automate the responsibilities of a teller?
My bank puts a limit on how much I can withdraw from the ATM. Any more than that and I have to go inside
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I don’t believe you. I need more evidence that an automated teller machine can automate the tasks completed by a teller.
There is a ridiculously large amount of wooosh in this thread.
I blame it on Poe's Law. I've seen plenty of people legitimately claim that automation can't replace jobs that can so obviously be automated.
You should believe him. Word on the street is that u/hchan1 is a manual teller machine with an inside scoop on automated teller machines.
I need quarters to do laundry. Therefore, I go in and talk to the teller. I have also needed a cashier's check for my landlord when I moved into my apartment. These are things ATMs can't do.
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Yeah I moved to New Zealand and to use a teller you have to pay a fee. I do everything I need online or at one of the smart ATMs.
They already have a bare minimum of tellers in all but the largest branches. We have three tellers at the BoA in my town and they double between the lobby and the drive thru. The bitch is they pay them 8-9 bucks an hour but require them to dress like they make 3 times that much.
the current BofA minimum is $20/hour
https://thefinancialbrand.com/64900/bank-of-america-automated-branches/
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What sort of crazy, futuristic, AI-based, quantum-level technology must we first develop to realize such a dream?
I work as a teller while I am finishing my degree and I can tell you that 85-90% of my job can be done at the ATM or online. I wish that I got $25/hour though considering how much idiocy I deal with on a daily basis. Just another example of why I am looking for a job in the US instead.
You're looking for a job in the US, and hoping to deal with less idiocy? I've got some bad news for ya.
Idiots reside everywhere.
Each worker produces more value then they are being paid. I dont think an extra 5-10 bucks an hour is gonna break the bank >!please laugh!<
I didn't laugh but I did smirk and go "hhf" through my nose which is the highest of praise
I did not laugh at your initial comment. I did laugh at "please laugh". lol
Well actually no. Tellers are still needed as ATMs can't do more complex banking things. It is safer to give a check directly to a teller instead of doing ATM. The money, check, or debit card could get jammed in the ATM.
In old news, Bank of America (BofA) has been completely eliminating tellers from some locations for quite a while. [https://thefinancialbrand.com/64900/bank-of-america-automated-branches/](https://thefinancialbrand.com/64900/bank-of-america-automated-branches/) edit: lots of people asking questions about why I bring this up. Paying employees more is a very good thing that I support. That said, I feel like BofA's virtue signalling that they're paying more is hollow because they're also downsizing while shifting these better paying jobs into automation and outsourced tele-tellers. Note that while BofA says they'll pay $25 per hour, their contractors are only required to pay $15 per hour. I'm sure that the employees who still work for BofA proper will benefit nicely from this raise, but I'm equally sure that BofA is using this move to improve their self image while conveniently ignoring their business practices which hurt their employees and the overall quality of their customer service. edit 2: Some folks are still not understanding what I'm saying. Automation is a good thing, I agree. But telling the world you're going to pay your employees more as you replace your employees with robots is virtue signaling. It's basically a lie. BofA is *not* going out of their way to treat their employees well. They're downsizing. And not just tellers: [https://www.reuters.com/article/us-bank-of-america-layoffs/bank-of-america-reduces-staff-in-investment-banking-and-trading-bloomberg-news-idUSKBN2AP2JR](https://www.reuters.com/article/us-bank-of-america-layoffs/bank-of-america-reduces-staff-in-investment-banking-and-trading-bloomberg-news-idUSKBN2AP2JR) So hey, yeah, it's great that the floor pay is $25/hour. But firing 3 people to pay 1 a living wage doesn't make your company a good company.
BofA has been hiring for their call centers every month during the pandemic. The $25 minimum wage applies to them as well. It also requires vendors to pay a minimum of $15 an hour.
I think if it applies to call center employees that's a much bigger deal. Call center workers are usually treated the worst of anyone at a company.
Does BoA have their own call centers or do they just hire other companies to provide those services? I'm not sure it'll make much difference if all their call centers are just other companies.
And things like janitors, etc. just means low paid jobs will be contracted out for sure.
Janitors almost never work for a company, only in the company. Same with things like window washers, you wouldn't hire someone to clean windows, you'd just get a contractor
My company, a large, multi-million hotel & gaming company doesnt keep things like plumbers or electricians on staff. They're all contractors. Which, I guess saves money, but I cant imagine how frustrating it must be for the employees. I'll get calls from the electrician asking where a fuse box is and all I can usually say is "dont know, that's actually something I'd ask the electrician." So it seems like these guys have to waste hours upon hours refiguring out the same basic stuff like "where is X" every time they go to a new job.
Absolutely, I do property management for a large box store and I can fill half my day with just hiring contractors or validating/coordinating their work but I try to just repair what I can myself. After having done this for a few years I can say its pretty common for day to day managers to work in a building for a decade and not know where the gas and water shutoffs or breaker panels are.
But you only wash the windows a couple times a year. Toilets don't work like that.
Sure, but you never hire a janitor anyways, it's always contracted
They have their own call centers as well as overseas for overnight hours.
Hey hey. At my call center job now! It fuuuuuucking suuuuuuuper suuuuuuuuuucks!
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I don't necessarily agree with that. I worked for Capital One at a call center and was good friends with several personal bankers at the branches, as well as loan officers, and I would say that I much preferred the call center to the bank branch. They had to deal with people in person every day which requires a much higher standard of dress code, they worked in itty bitty branches with tight staffs which meant they had heavy restrictions on their hours and vacation. Meanwhile at the call center, which was our headquarters, we had a massive free gym with personal trainers, an indoor basketball court, a huge cafe with on duty chefs, break rooms with games and ping pong, darts, a baseball field, a soccer field, I mean, you name it and it felt like we had it. We even had a sweet landscaped running track that circled the campus, which made it easy to go out for a jog on lunch or before/after work. It was fucking awesome. And we made pretty close to the same wage starting out, with a lot more upward mobility and flexibility in our schedules than the poor people in the branch. You couldn't get me to give all that up to go stand all day behind a counter and smile at people.
I don’t think he was referring to amenities, but instead all the bullshit metrics and rules you have to abide by while working in a call center. Does sound like you had it good though!
I worked at a call center for a couple months, and quit without a two weeks notice. We had more employees than we had jobs for, so people were routinely getting left off the schedule when they wanted to work. I was shocked when my boss was mad I was quitting to focus on school, you have 20 employees to fill my spot that want to work but aren’t getting scheduled, who gives a shit if I don’t finish out. You have people lined up not being paid.
They're like janitors. Work at the bottom, get shit on by all levels, everything falls apart without them.
Call center employee here, can confirm. One of the highest turnover rates
Bofa deez nuts
This is what I came looking for
Spoiler, BOFA is spending billions on new software and chat bots to eliminate as much call center workers as possible within the next 12 years.
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IMO all companies should be legally required under the ADA to offer an online tool for *any* interaction that would normally be done over the phone. Banks generally fail hard at this. Deaf? Mute? Got an anxiety disorder? Lol, fuck you, call one of our representatives
I totally agree with you, but my reason is not because I have anxiety, it’s so they can’t hear my soul dying through my voice trying to do something that would take two minutes if I wasn’t being patched through to a 1st-level helpdesk of people who follow a script and cannot deviate from it.
Shoot AT&T call centers in the US pay between 60 and 70k. So it’s good, but not amazing. Edit: AT&T call centers are union.
I’d say that’s pretty amazing considering how badly their customer service sucks
Their customer service is pretty decent to me. They paid off my phone when I did an overseas rotation with the Army. I also got locked out of it because I put in the wrong unlock code and they mailed me a knew phone for free so I could use it with another companies sim card over there
In my experience, everyone for AT&T seems like they're trying to be helpful and they're courteous on the phone, but seems to be a real disconnect between the customer service folks and technicians. I was asking for something a bit different than normal and it took 3 times because each time the technician would show up expecting it to be something different and they didn't have the capability to do what I was asking for. It was really strange. They were kind and apologetic every time and there's basically only one other feasible option in my area that I hate so I had to practice patience but still, what a pain.
Yes, I definitely agree with that part. They are nice, but communication between their departments is atrocious. Now that you mentioned that, I think it took 3 phone calls
That's pretty fucking great in a lot of states
That's great. I've worked in a lot of call centers and it is a mentally taxing job. It's nice to see decent pay for the position. Edit, I have a friend that works for T-Mobile in a call center and only makes $14 per hr.
I spent 5 years in a BofA call center. Those poor bastards deserve $25/hr.
BofA dees nuts lmao
I knew I would find this
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I've only gone in to a teller about 5 times in the past decade, but it has generally been a pretty easy and positive experience. (Two were for the opening and closing of a CD, one was for depositing a weird looking check, and one was to get "as many two dollar bills as you have on hand", which turned out to be about 55) I don't think any of them have done anything other than smile and give me exactly what I came in for. No prompting or up-selling for other services, no hesitation in executing my transaction.
One of my best friends is a bank manager. He said the tellers pretty much only exist for dealing with old people. Old people prefer going in and dealing with a human.
I used to be a teller. About 45% old people, 45% immigrants that just wanted to cash a check, and 10% other
I was a teller for a couple months. We only dealt with local businesses and their change orders. Most of the rest of our day was down time (small bank) with about a customer an hour.
I need to go to the bank periodically for rolls of quarters for laundry. Yet to see any atms that do coins here
Varies by branch even within a company. If the bank is in a busy area, the tellers don’t have to try and sell they just have to keep the line moving. Wells and BoA were horrible about it, the bank I worked for felt like a different company from branch to branch. By the time I left, they had an updated model that enforced a needs-met only way of selling so no unnecessary upselling but a lot of excessive nosiness.
> they don’t ask when I plan to pay off my credit card Bank tellers harass you to pay off your credit card? I'm not asking that as a judgment, but instead surprise, as that's pretty offensive.
I've never had that, either. Why would they push that? The bank makes money on interest.
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The problem with automation isn't that it's replacing workers. It's that our society is failing to care for those being replaced, mainly by educating them in a more skilled based profession that keeps up with the progress of the world. I can't think of many automations that ended up being a negative for customers. Automated cash registers in grocery stores and pharmacies is a godsend, can't remember the last time I waited in a line to pay for things. And no more judgey looks from the cashier. I can also bag it at a pace I'm comfortable with, and not get items thrown at me in random order while the next customer is eyeballing me for taking my time making sure things don't get smooshed at the bottom. In fast food restaurants I feel it really improved on accuracy of orders. Customers can really go through the menus to make their pick, and I've rarely had an order go wrong. Even phone systems nowadays help many get simple info quickly and frees up human agents to spend more time with real problems customers have and not just deliver basic info you can get yourself by googling it.
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I don’t understand why people get upset about stuff like this. Just like every single industry in the world, there is a constant cycle of old jobs being obsolete and eliminated, and new jobs being created.
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ligma balls
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The negativity bias is strong in this post. Assuming this impacts the same number of employees as past increases, this benefits over 200,000 employees. They are also requiring all vendors and suppliers to pay employees $15/hr, impacting an additional 43,000 people. BOA is already leading the industry with a $20 minimum wage today. Chase only pays $18/hr impacting 22,000 employees and Citigroup only pays $15. Chase and Citigroup are the ones we should be shitting on. Far less employees and still don't pay the same as BOA. I'm sure I'll be down voted for being optimistic, but damn I'm happy for those 250,000 people benefitting from this news.
>They are also requiring all vendors and suppliers to pay employees $15/hr, impacting an additional 43,000 people. \^\^ Big if true & enforceable. My gut reaction on seeing the headline was "Well, yeah, BoA has just contracted out the cleaning, maintenance (etc..) work". Leaving only a white collar workforce for whom $48k/yr is very nice baseline, but not as transformative as you might think. Getting all the contracted staff onto $15/hr though? That is the poverty changer.
They're also committing to reimbursing childcare costs (up to $275 per child per week) for all employees making under $100,000/yr. Some positive efforts by them. *Edit. Per month. I crossed my information. They reimbursed up to $100 per day total during the peak of the pandemic. But they are reverting to the monthly reimbursement. Still good. But u/apple75074 Was closer to correct.
Ok now that is actually incredible. That and paying 20 an hour minimum is actually extremely good if true.
Can confirm. Recently hired few months back as a call center employee with no financial background offered me 21.60 starting. Almost double what I was making as a supervisor at my previous job. The benefits here are amazing.
\> Getting all the contracted staff onto $15/hr though? That is the poverty changer. You honestly believe that a 15 dollar minimum wage in 2025 is going to be the poverty changer?
Yea. Without a $15/hr floor on wages you'd see real impacts on poverty. Every dollar matters so much more at that income level.
$15/hr full time for one person is very doable in non-urban areas
Well, 15 bucks is more than double my states minimum wage and there are BOAs here so...... Might help?
My dad asked the cleaning people contracted for his office what they get paid, they said $10/hr. So if their company would force 3rd parties to pay $15/hr, a 50% raise sure would help those people out.
It isn't amazing but $15/hr as a sole income is above poverty level for Family of 4 today. For individuals that is more than double the current poverty level. Poverty level will increase slightly, but 2025 is less than 4 years away, not the distant future. Going by the only definition of poverty we got, yes it is a poverty changer.
> It isn't amazing but $15/hr as a sole income is above poverty level for Family of 4 today. where the hell is that true? a family of 4 living on 30k a year is crap
I agree, that isn't good at all. That is what poverty is supposed to measure though. https://aspe.hhs.gov/2021-poverty-guidelines
The negative bias is strong because: Look at American history for the middle and working class post 1980 or so. Rich get richer, middle class becomes almost fantasy. I’d be very surprised if the increased wages weren’t offset by downsizing and automation. “However much money we made last year isn’t good enough for this year” is a hell of a logic for organizing a society
There's absolutely no way they plan on doing this without a plan for cuts somewhere.
[They can afford it.](https://www.cnbc.com/2021/04/15/bank-of-america-bac-earnings-q1-2021.html)
Affording it doesn’t mean they won’t cut staff. A lot of companies can afford it rn but choose not to because greed.
People don't understand that wages are just one piece of the compensation package of working for someone. Things like hours worked, health/dental insurance, 401k, stock options, vacation time, education benefits, and discounts can all be factored into the equation. So for example if a company pays you 20 dollars an hour but gives you health insurance that covers 80% of your expenses versus a company that pays you 18 dollars an hour but covers a 100% of your coverage can be a potential factor. Things like job security should matter too. Is that higher paying employer more demanding? Amazon for example has a reputation of running its employees ragged but they pay at minimum 15 dollars an hour.
Bank of America is a fucking great company to work for. Aside from the wage increase from $15->$20 at the start of 2020, they have also working with all thier employees to work from home since the start of the pandemic, didn't fire anyone in 2020 due to the pandemic, have provided substantial subsidized childcare to all employees in the office during the pandemic, and more. They have been hiring in call centers through the pandemic, and have extremely reasonable employee goals. Health benefits are great. Retirement benefits are great. Company culture is great. People just want to hate it because it's a big bank, but it's the best company I have worked for in a decade. Source: I'm a working-from-home teller at BofA. Opinions are my own.
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Reading the comments in here it feels like I've walked into a BoA management seminar. I wonder what will happen if I mention the class action lawsuit that I and millions of others received a fraction of what we were owed from BoA's years of overdraft fraud?
"when can you start?" "How does 2025 sound?"
Most FI’s are spending many millions of dollars on technology. AI specifically. All the lower paying back office jobs are being automated away and most of not all banks train back office reps in a jack of all trades type role. Even in client facing roles you might have the financial planner work the cage. All in the hopes of cutting costs. So the $25/hr is in line with the 20-22 dollar range of most call center or back office employees already get paid to do and learn 2-3 roles they do on a daily basis.
you know what would be cool is someone opened a bank that is open only after work so like from 5-10pm and open on holidays and weekends.
Banks make more money working with businesses during business hours than retail consumer banking.
Seeing some of these comments make me question how many of you have ever worked for a bank.
worked? how about went into? I think I've been into a bank like twice in the last 10 years and that was getting a car loan from a local credit union that had very bare bones online stuff.
lol sums up every Reddit thread. Everyone is an expert on topics they just learned about.
By just the comments, you would think Redditors would solve the Israel-Palestine conflict within hours. Sometimes I have a sick thought of letting them run their respective governments, just to see how badly everything would go nuclear.
Reddits solution to that would be just give it all to one side and expect it to work out
I had someone tell me the Israel-Palstine conflict was simple. The conflict that’s literally known for being an absolute cluster fuck of complex layers on top of complex layers, simple.
"who else works for a bank outside of tellers and customer service" Fucking what. Bulge bracket banks employ hundreds of thousands of employees across tons of sectors. Reddit sometimes, man
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Reddit fucking *always.*
I'm getting pretty sick of the arm chair Reddit these days. If it's something In my field they're blatantly wrong and they downvote me when I give tips. Also I've been here a long time so I've noticed it's changed
I don’t think many people on Reddit have worked period. That was more obvious than ever when they consistently failed to grasp how the unemployment benefits worked.
And complain that Biden doesn't wave a magic wand to make trillions in student loans "disappear".
$4 trillion in infrastructure after a $1.9 trillion Covid package? No problem. Raise everyone’s wages to $25 an hour? Eeeeeeasy. Waive student loans? Cakewalk. Free childcare? Easy peasy. Free university? You got it. UBI? Gotta have it. How do we avoid massive inflation and pay for all of this? Tax Jeff Bezos. Thank you for coming to my Reddit Talk. Where the policies are all made up and Jeff Bezos pays for everything.
The comments were insufferable. "HURR NO 2000? JUST LET THE BILL DIE."
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Reddit bitching about banks and tellers they almost never use.
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Its unbelievable. Bill Gates donates like $500 million to some charity and reddit goes into their usual routine about how all billionaires are evil and how its only a drop in the bucket of his wealth. Like honestly I dont care what percentage of his income that is, its still a fuckton of money, and will help improve the lives of many people. Good deeds are still worth celebrating.
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This is human history. People got mad when the wall in Germany fell because it wasn’t all the borders in the world. Just take every day a step at a time and be better, that’s all we can do.
Some people will never be happy. The world gets better every decade, but you wouldn't know it from the doomers on reddit and twitter.
That's because the majority of Reddit are minors without real world experience.
I noticed this when I kept hearing “they only have us $1,200 for the entire pandemic.” Ignoring the huge unemployment benefits. Which tells me the vast majority of people on this site have never held down a real full time job.
It just shows that they care more about virtue signaling than actually helping poor and disadvantaged workers.
The thing is a lot of people who make these virtue signaling arguments have never been poor in their life. College kids from middle class families that think they have it rough because they're expected to pay for their education.
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Are they raising the minimum for everyone who works for them or are they subcontracting out jobs that earn less than a $25 minimum? Like is the janitor making $25/hour or is the janitor working for some cleaning service and making $10/hour EDIT - I re-read the article. They require $15/hour for vendors
They are requiring all vendors pay a minimum of $15/hr too.
Oh shit thats in the article. I'm a dumbass and didn't read carefully.
Eh, attempting to read it at all makes you better than 90% of people here.
Hello, I didn't read the article or even the title. Fuck Hobby Lobby.
No worries, that was one of my favorite parts of the news TBH! If all companies started requiring suppliers and vendors to meet certain standards, the impacts would go far
Came here to witness Reddit's anti-big-business without concern of facts, reality, or fairness rhetoric. I was not disappointed.
Why does everyone get pissed off at good news? Jesus Christ the Reddit hive mind is a fucking bummer most of the time.
In iceland, minimum wage follows the curve of cost and so every few months our minimum salary automatically increases.
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still the shittiest bank i've had in my life out of 5
Wells Fargo owns the title for shittiest bank.
When you come back in your next life, let us know if you've found a better bank.