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Originally Posted by pandy
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WOW!!! What generosity!! A $1200 bonus is fifty eight cents an hour over one year. A $1000 bonus is forty eight cents an hour and the $1500 per worker that one of the banks is adding to the pension benefits, comes out to seventy three cents an hour. All of those are one time payouts.
As for the $3 an hour increase in the minimum wage; how many employees will that actually affect? I doubt that there are very many minimum wage workers at any bank; certainly not the tellers, not the accountants. not the folks working in the loan department or the mortgage department, not the personal bankers or those working with businesses. I suspect even the custodial staff is making well in excess of minimum wage.
So, except for a tiny percentage, the banks are raising the wages of no one.
In return for which, their tax rate is being reduced by 40%.
