Bank Of America - Minimum Wage to be $25 hr/50K yr

Automation and AI will be taking on the responsibility and tasks that would normally be performed by people making less than $50,000/year. For other things, they will outsource to a company willing to provide people/services for less than $25/hr

So they can rent an apartment with a roommate or 2 and finance a 10 year old car while they have nothing left to put in savings.

Here's the thing

If prices increased because they have to attract better talent for those wages - Better talent means better service - I am all for it

BUT, if it's some dude who was making $16/hour and automatically gets bumped up to $25/hour while still providing shite garbage service... that's where I have a big fricking problem

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Minimum Wage to be $25 hr/50K yr

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Granted it was in the early 90s but I remember thinking if I ever make $50k/yr that I will have more money than I know what to do with. I can't imagine trying to build a life and raise a family on $50k today.

If this is so attractive to you, quit your job and go make minimum wage. Unless you’re already poor, Let me know how that goes.

I’m so sorry this is happening to you

You can raise a family on 50k but only if you live in a small town

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Seems strange to attack Bank of America for paying its employees better.

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Yup. I'm all for it if they're not being forced to do so by the government.

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Bank Of America - Minimum Wage to be $25 hr/50K yr

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is that supposed to be a lot?

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while still providing shite garbage service... that's where I have a big fricking problem

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anyone providing shite service should not last long anyway.