Bank Of America Is Raising Its Minimum Wage For Employees To $20 An Hour

[Randolph Kinney]

Then on the other hand we have the anomaly of Starbucks..Which is flourishing with Barista's who are paid above minimum wage. Me personally don't patronize Starbucks anymore, because I am not putting up with a pimple face kid looking down his nose at me, incredulously because I said "one medium coffee with cream please"

Starbucks Corporation pays its employees an average of $10.61 an hour. Hourly pay at Starbucks Corporation ranges from an average of $8.46 to $16.48 an hour, as of Jan 31, 2019.

https://www.payscale.com/research/US/Employer=Starbucks_Corporation/Hourly_Rate



https://www.glassdoor.com/Salary/Starbucks-San-Francisco-Salaries-EI_IE2202.0,9_IL.10,23_IM759.htm

 

[Randolph Kinney]

Take note: Effective Jan. 1, 2019, the minimum wage for California employers with 25 or less employees increases from $10.50 to $11.00.

As of July 1, 2019, the San Francisco Minimum Wage will be $15.59. Employees that perform work in San Francisco, including part-time and temporary employees, must be paid no less than the San Francisco minimum wage, currently $15.00 per hour.

Vending machines as well as self service kiosks will replace people.

 

[Deleted member 126639]

The private sector making choices to raise wages is the choice of the private sector and should not be dictated by government.

Why? The private sector has proven consistently that they (the bourgeoisie) will choose worker exploitation if there is not the threat of retaliation. Do you really think the 40-hour work week, 8-hour day, and minimum wage would ever have happened without communist success elsewhere in the world?

 

[Deleted member 126639]

Take note: Effective Jan. 1, 2019, the minimum wage for California employers with 25 or less employees increases from $10.50 to $11.00.

As of July 1, 2019, the San Francisco Minimum Wage will be $15.59. Employees that perform work in San Francisco, including part-time and temporary employees, must be paid no less than the San Francisco minimum wage, currently $15.00 per hour.

Vending machines as well as self service kiosks will replace people.

It's more likely residential appraisers will be replaced by regression analysis than Starbucks replacing their staff with vending machines and/or robots.

People pay $4 for a cup of coffee for the experience, which is in part social. No one wants to interact with an appraiser, on any level.

 

[DTB]

Why would anyone think that a retail clerk, bank teller or corporate store barista would make good money? They are a fungible commodity, not disrespectful, just economic reality. Many never face reality head on.

 

[ucbruin]

It's more likely residential appraisers will be replaced by regression analysis than Starbucks replacing their staff with vending machines and/or robots.

People pay $4 for a cup of coffee for the experience, which is in part social. No one wants to interact with an appraiser, on any level.

Sad to think about yet probably true....

 

[J in Florida]

I'm so glad I went to UF when I did, I was able to get my degree with zero debt. I lived like a pauper, but that's what a lot of college kids did at the time. Football tickets in the student section were $4, Beer cost $3 per all you can drink cups, ganga was less than $10/month, and my share of my mortgage payment yes I said mortgage payment was $75/month after renting out the 3rd bedroom. I didn't even have a car for two years. Bus routes and bike lanes are wonderful things.Thank goodness for free concerts on campus. The UF degree carried a lot of weight and I never had a problem finding work or employment in my field. Sounds like the economic circumstances today. Times they are a changin'.

Oh, and you kids get offa my lawn!

 

[Evincere]

I'm so glad I went to UF when I did, I was able to get my degree with zero debt. I lived like a pauper, but that's what a lot of college kids did at the time. Football tickets in the student section were $4, Beer cost $3 per all you can drink cups, ganga was less than $10/month, and my share of my mortgage payment yes I said mortgage payment was $75/month after renting out the 3rd bedroom. I didn't even have a car for two years. Bus routes and bike lanes are wonderful things.Thank goodness for free concerts on campus. The UF degree carried a lot of weight and I never had a problem finding work or employment in my field. Sounds like the economic circumstances today. Times they are a changin'.

Oh, and you kids get offa my lawn!

Indeed Times have changed. The other day while shopping in Walmart electronics section I observed parents of 2 children looking at cell phone cases. One child was in a stroller and the other was small enough to sit in the shopping cart. After a few minutes they began showing the cell ph cases to the child in the shopping cart asking him which one he liked better. Apparently, the kid who couldn’t have been more than 8 needed a new cell phone case.

I live near a community college - most of the students shop local to my supermarket. They’re driving new expensive or late model cars (range rovers, jeeps) , sitting around the upscale ice cream shops enjoying $15 slurries and tacos.

Life is easy and good for them now but I often wonder what reality awaits them when it’s time to fly the nest.

 

[Carnivore]

It's more likely residential appraisers will be replaced by regression analysis than Starbucks replacing their staff with vending machines and/or robots.

People pay $4 for a cup of coffee for the experience, which is in part social. No one wants to interact with an appraiser, on any level.

The biggest obstacle/Fly in the ointment for Regression models is the lack of complete data for all residential houses in a particular area/market.

For example in my County on a yearly basis only about 30-40% of the Residential Sale went through MLS.. Our GIS is not the best on the planet. Its improving but that takes time and money. When you consider what a County tax assessor mission is then you understand that perfection is not necessary.

Multiply that one county Gaston x 99 other counties in NC and you begin to see the problem even for regression. Add in the other 49 States and it gets worse not better.

Not saying regression wont be useful, but its never going to be perfect nor IMO even close to being good, let alone Great. It will likely improve as more counties across the nation improve there syystems

 

[Eli]

1% may be too high a number- Today who would spend 4-6 years in College to measure houses-take photos and hope someone sends them an-order. When I entered the industry many were old retired white guys and only a few women and most had no degrees and the ones that did have degrees obtained them in there youth for other reasons. Frankly many were real losers and did not do good work degree or no degree it wasn't rocket science It was the days of easy money-very few reviews or over-site and many made more money doing three comp reports than their highly educated friends who were engineers or doctors. Of course fast easy money tends to inflate the egos and calling your self the Chief Appraiser when someone questioned your work usually did the trick or simply educating them on why you were the expert.

In those days you were either staff or fee but most of us had offices and would hang our degrees and certificates on the wall behind our desks so when clients came in we looked like the real deal.The MAI's wall looked like a bulletin board and they were often unorganized and had papers laying everywhere which made them look super busy when in reality many only did one report a week and the rest of the week was spent taking long three martini lunches and discussing highly complex issues with the newbies about cap-rates-rent multipliers and external-internal and functional obsolesce. When us residential guys asked a question we normally were ignored or told to stick to the cheat sheet the Made As Is guys developed for us. The loose canons left staff and became self employed fee appraisers because they could dress like beach bums often showing up in shorts-flip-flops-sunglasses and even bring their 100 LBS dog with them and they wanted no part of ever getting back a job as a Staff Appraiser at some stodgy bank or S & L.

Anyway I am ranting and all I really wanted to say is imagine any other Profession where a person gets employed as an-Engineer but his degree is in Native American Studies or an-Architect who applies for a job and states his major in College was in Sociology. When people ask me I tell them the truth and my B.A.was Sociology and my Graduate Certificate was obtained by joining a Secret Society often called USPAP which is only discussed between other members because in order to be compliant we pay nine old guys $99 bucks every 24-months for a secret handbook which is sent by encrypted E-mail in a locked PDF which can only be used after your master card or visa cleared their bank. Luckily they require us to take 7-hours continuing education every 24 months which is real nice because if they didn't the State Board would say our education requirements were not fulfilled and our licenses is stamped Expired in Big Bold Red-Letters and we are prohibited from ever doing another appraisal again. As far as Bank America they have very few full time jobs except in corporate or management. The tellers work 20 to 30 hour weeks and not 40 hours. Also B of A has trimmed the amount of tellers by as much as 50% to 60% in some branches. Anyway If I was in A low cost state that may be good money but out here $20 an-hour won't rent you a 2 bedroom condo.

I haven't looked at how many hours one has to work to be considered full time lately. But it is not 40 hours. Overtime pay kicks in over 40 for hourly employees.