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General Discussion

getagrip_already

(14,742 posts)

1. It's probably below what almost every bank employee makes anyway......

Reply to Tomconroy (Original post)

Tue May 18, 2021, 11:28 AM

May 2021

A lot of large companies sub out the hourly jobs to contractors, so they aren't employees that would benefit from this change.

Guards, cleaning crews, and other low skill jobs are not direct employees in most cases. So while it sounds great, it is probably just a PR stunt in the end.

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Highlight:

Bank of America announced a plan to raise the minimum wage for employees to $25 per hour [View all] Tomconroy May 2021 OP

It's probably below what almost every bank employee makes anyway...... getagrip_already May 2021 #1

Possibly jimfields33 May 2021 #2

The story did say the bank will require its Tomconroy May 2021 #3

LOL BannonsLiver May 2021 #4

When I Was On BoD Of... ProfessorGAC May 2021 #10

no kidding TxGuitar May 2021 #15

hmmm.... getagrip_already May 2021 #19

No, but tellers are direct employees.. and 25 an hour for a bank teller job.. Volaris May 2021 #13

Banker's hours TxGuitar May 2021 #16

3rd party contractors already had their pay raised on BOA's last raise in 2018 BradAllison May 2021 #17

I'm impressed with their generosity. lpbk2713 May 2021 #5

For a 37.5 hour week greenjar_01 May 2021 #6

But don't they offshore a lot of their so-called customer service work? Sanity Claws May 2021 #7

They have spent about ten years.... RegularJam May 2021 #9

Consider a bank without tellers. RegularJam May 2021 #8

One could always refuse to use electronic banking and go in the branch for cash etc? MichMan May 2021 #12

Then you need to go somewhere other than B of A. RegularJam May 2021 #14

CNN is reporting that when BOA raised wages from $15 to$20 an hour, a few years ago, it affected Tomconroy May 2021 #11

So it's significant Johnny2X2X May 2021 #18