Glad to see the bank once again reward the associates at the bottom with yet another pay raise, who are opting not to better themselves on their own by getting educated and apply for better paying jobs. The ones that have, well you get nothing again.
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$21/hour is still under $50k so their benefits costs won’t increase. Sorry, math.
Once they hit $25 an hour, their benefits will drastically increase and their net pay will be as if they’re only making $18. At least that’s what happened to me when I earned my way to that pay several years back. I just hate that I’m losing the raises I earned, (I started at 10.10 an hour straight out of high school), getting paid like an entry level employee all over again.
The lowest-paid, bottom-rung employees getting even a pittance upsets you?
Yeah dude. Nobody is actually getting raises in the long run, anyone that gets a raise from this 1. Loses due to automation or 2. Loses due to inflation taking it all away.
It's stupid. The feds have bored the economy through their backwards lockdowns, business closures, and money printing. They've hurt everyone, but they've helped the wealthy immensely as always.
Don't worry, they'll make up for it with layoffs and site closures. It all balances out.