Jamie Dimon cant explain how unskilled employee should budget her low salary

[Secure Da Bag]

All with a high school diploma

Actually their pay is on par with today, but slightly lower.

But the cost of living was much lower. Banks gotta move their pay with the times.

There's a few things about that are missing.

1. A HS diploma in the 50 - 70s is the equivalent of a College Degree now.
2. Bank tellers in the 50s - 70s were not just customer service, as they are now. They were also salespeople. They were profit-drivers. It's why they were getting paid so much.
3. So even though a bank teller's wage may have kept up with inflation, it would not keep up with the cost of living. The job responsibilities shifted and lessen to basically customer service tasks after the 80s.

It's why tellers were getting paid a salary that wouldn't support a family of dependents, but most likely a person of one.

 

[Pressure]

It may be true that most other employees were never tellers, but if you work long-term as a teller and show potential you can definitely move up.

That goes against the fundamental idea that being a teller is a short-term entry level role. If you can't provide for yourself/family then the expectation is that you will move on long before those opportunities for advancement present themselves.

Obviously those are the pains in our current economy if you don't have an education and that isn't just for bank tellers.

That said, the few people I know who have worked at a branch as a teller or personal banker were all students and their advancement tracked with their education.

 

[ColdSlither]

He should of just asked why is she unskilled... and trolled the government for producing economically worthless adults

Everyone isn't going to be skilled though. Most people are just going to be average worker bees.

 

[Pressure]

There's a few things about that are missing.

1. A HS diploma in the 50 - 70s is the equivalent of a College Degree now.
2. Bank tellers in the 50s - 70s were not just customer service, as they are now. They were also salespeople. They were profit-drivers. It's why they were getting paid so much.
3. So even though a bank teller's wage may have kept up with inflation, it would not keep up with the cost of living. The job responsibilities shifted and lessen to basically customer service tasks after the 80s.

It's why tellers were getting paid a salary that wouldn't support a family of dependents, but most likely a person of one.

1. More people have college degrees, but that isn't what is driving up the cost of living.


2. Bank tellers were never loan officers. In fact the attempt to turn Bank tellers into sales people is a modern phenomenon that hasn't really shown great results. Bank tellers saw their largest rise in employment to coincide with ATMs which allowed banks to open more branches, but those branches required less tellers. The future negative job growth coincides with online banking which means less people using physical banks to conduct business.

3. The job responsibilities haven't really changed over time, you've pretty much made this up from misreading the article you posted earlier.

Fun fact:Customer Service Representatives on average make 10k more a year more than bank tellers.

 

[Pressure]

It's why tellers were getting paid a salary that wouldn't support a family of dependents, but most likely a person of one

The average bank telling woman is 36 years old.
The average male is 28 years old.

Seems more than likely that a staff between the ages of 28 and 36 will have children.

 

[Reece]

The average bank telling woman is 36 years old.
The average male is 28 years old.

Seems more than likely that a staff between the ages of 28 and 36 will have children.

high school students

 

[Pressure]

high school students

:Denzlol:




Edit: I'm mad I Negged you because I gotta +rep this.

 

[OfTheCross]

high school students

the average person working isn't a highschool student.

but Dimon is right in that it's a job you can get straight out of highschool.

I've hired several tellers with random retail experience and a hs diploma just because they had good attitudes.

 

[Pressure]

the average person working isn't a highschool student.

but Dimon is right in that it's a job you can get straight out of highschool.

I've hired several tellers with random retail experience and a hs diploma just because they had good attitudes.

For sure. But imagine a 36 year old mom training her 18 year old son to replace her. :Swearimsmiling:

 

[Donald J Trump]

the average person working isn't a highschool student.

but Dimon is right in that it's a job you can get straight out of highschool.

I've hired several tellers with random retail experience and a hs diploma just because they had good attitudes.

Dimon is a liar
“she could
have my job one day”


cac please

 

[OfTheCross]

Dimon is a liar
“she could
have my job one day”


cac please

she can. I've seen it. Not necessarily CEO but dudes are up there that started as tellers and kept working and educating and networking

 

[Donald J Trump]

she can. I've seen it. Not necessarily CEO but dudes are up there that started as tellers and kept working and educating and networking

Its extremely unlikely fam

 

[Reece]

the average person working isn't a highschool student.

but Dimon is right in that it's a job you can get straight out of highschool.

I've hired several tellers with random retail experience and a hs diploma just because they had good attitudes.

And yet they're not hiring kids right out of high school

Implying they want people with more maturity/life experience

 

[OfTheCross]

Its extremely unlikely fam

it isn't. tellers move up the ladder all the time. it's harder in the same company. you gotta move sometimes, but middle management and a 60K+ salary is attainable within a few years

 

[OfTheCross]

And yet they're not hiring kids right out of high school

Implying they want people with more maturity/life experience

when we don't, it's because of scheduling conflicts. we definitely hire kids fresh from high school and college students.

they're competing, in some cases, against better candidates.