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30% of Banking Jobs will Disappear in the next 5 years

Posted on 9/13/17 at 10:23 pm
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
76131 posts
Posted on 9/13/17 at 10:23 pm
According to ex-Citi CEO on Bloomberg TV.


Mostly back-office jobs.


Due to technology.


Labor provided by immigrants.

White collar jobs taken by H1B.

Desk jobs automated by computers.

This is really bad.

Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78697 posts
Posted on 9/13/17 at 10:25 pm to
Not a worry for me, as most of my funds are in a Swiss account.

Posted by Cosmo
glassman's guest house
Member since Oct 2003
132676 posts
Posted on 9/13/17 at 10:26 pm to
THEY TOOK ERR JERBS
Posted by Chiefagain
Member since Nov 2016
1808 posts
Posted on 9/13/17 at 10:26 pm to
You work at the Waffle House. What are you scared of?


Posted by Winston Cup
Dallas Cowboys Fan
Member since May 2016
66986 posts
Posted on 9/13/17 at 10:27 pm to
Does ace cash express count as a bank?
Posted by DavidTheGnome
Monroe
Member since Apr 2015
31597 posts
Posted on 9/13/17 at 10:27 pm to
I can see that
Posted by Pico de Gallo
Member since Aug 2016
1894 posts
Posted on 9/13/17 at 10:27 pm to
quote:

Mostly back-office jobs.


Read this as bLack-office jobs.
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
159077 posts
Posted on 9/13/17 at 10:28 pm to
quote:

THEY TOOK ERR JERBS
we've missed you mattz
Posted by rocket31
Member since Jan 2008
41888 posts
Posted on 9/13/17 at 10:29 pm to
Steps to opening a Swiss account? Srs
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
76131 posts
Posted on 9/13/17 at 10:30 pm to
LINK


As a parent of a young child, do you push them into engineering? Because now engineers are coming out of India. Do you push the child into military? What do you push them into? Let them choose their own path?

In the next 10 years we're all going to be slaves to our own creations.

It's all been written. It is coming, and it is sad.
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
23316 posts
Posted on 9/13/17 at 10:31 pm to
It will happen someday, but Pandit is full of shite. I wouldn't believe a thing he says. There's a reason he was forced to resign.
Posted by GreatLakesTiger24
Member since May 2012
61594 posts
Posted on 9/13/17 at 10:31 pm to
Engineers think they're safe, but no one is safe.
Posted by boxcarbarney
Above all things, be a man
Member since Jul 2007
27272 posts
Posted on 9/13/17 at 10:31 pm to
Banking as a career really has become a shite show. I'd equate it to working at a Walmart, but I believe Walmart takes better care of its employees. I'm glad I got out of it 2 years ago.
Posted by Zap Rowsdower
MissLou, La
Member since Sep 2010
16536 posts
Posted on 9/13/17 at 10:31 pm to
quote:

ex-Citi CEO


If this guy knew what he was talking he'd be Current Citi CEO. And if he was current Citi CEO, I'd tell him to stop sending me credit card offers. That junk mail is taking up prime real estate in my mailbox that a Victoria's Secret catalog and Jury Duty notice could have.
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
159077 posts
Posted on 9/13/17 at 10:32 pm to
quote:

It's all been written. It is coming, and it is sad.
Posted by DavidTheGnome
Monroe
Member since Apr 2015
31597 posts
Posted on 9/13/17 at 10:33 pm to
There was a thread about this a few weeks ago in the Politics section about this that was interesting. It's not just banking jobs in danger but essentially all jobs. Even well paying ones like doctors.
Posted by lsucoonass
shreveport and east texas
Member since Nov 2003
70136 posts
Posted on 9/13/17 at 10:34 pm to
He's bullshitting
Posted by Sweltering Chill
Member since Aug 2017
2150 posts
Posted on 9/13/17 at 10:35 pm to
quote:

As a parent of a young child, do you push them into engineering? Because now engineers are coming out of India. Do you push the child into military? What do you push them into? Let them choose their own path?





Letting someone choose their own path is always the right answer ... if you 'push' a child into anything, you are asking for trouble.
Posted by Ancient Astronaut
Member since May 2015
37413 posts
Posted on 9/13/17 at 10:36 pm to
I always chuckle when the bank tellers keep asking me why I don't use their automated machines. I'm trying to save your job.
Posted by DoUrden
UnderDark
Member since Oct 2011
26353 posts
Posted on 9/13/17 at 10:36 pm to
quote:

all jobs


I will gladly give them the job of dealing with my auditors every year!!!!!!
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