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To pile on, they have been steadily employing less people due to technology: https://www.cnbc.com/2018/10/17/bank-of-america-ceo-brian-moynihan-on-cutting-10000

To pile on, they have been steadily employing less people due to technology: https://www.cnbc.com/2018/10/17/bank-of-america-ceo-brian-moynihan-on-cutting-100000-jobs.html https://www.cnbc.com/2018/10/17/bank-of-america-ceo-brian-mo...

veryworried 8y ago
As they should. That is the point of technology.
- 0xDEFC0DE 8y ago
  Unless they are reducing employee counts in favor of hiring contractors, then trying to score political points about a hot-button issue like minimum wage.
  - crumpets 8y ago
    Well then it's not because of technology is it?
    - 0xDEFC0DE 8y ago
      Might be a bit of both TBH. It’s rarely that cut and dry. The point here is calling out empty PR, but I’m not going to misrepresent an article without proof. I just have suspicions.
- trophycase 8y ago
  Is that the point of technology?
mruts 8y ago
Is that a problem? Isn't that how technology should work?
arcticbull 8y ago
These jobs aren't really high-quality work. We need less of them, and we need to provide those doing it a safety net or retraining for when they are displaced. Nobody should do factory jobs or other menial work just because we can't think far enough ahead to give them something new to do.
- BurningFrog 8y ago
  > Nobody should do factory jobs... This is a terrible attitude. Many blue collar jobs are perfectly good well paying careers available without crushing student debt to people who (crazy, I know) don't want to sit by a desk all day.
  - arcticbull 8y ago
    I'm not saying these people have to take on desk jobs, I'm more of a basic income person myself. Instead of "hit X with hammer, place X in bin, repeat until retired" I suggest we find meaningful jobs for these people either in technical roles, small-businesses, liberal arts or whatever it is they want to pursue to create meaning in their lives. Robots will do the job better, they won't get tired, they won't get sick and they don't need meaning. These jobs aren't coming back, the sooner we face facts and work through it the better off we'll be in the economy of the future.
    - dsfyu404ed 8y ago
      It's not 1919. Nobody is making their employees do the same repetitive labor in the same setting day in and day out. That's how you burn our workers. You can only get away with that in industries where they'd burn out regardless for some other reason. Modern factory jobs are no worse than the other jobs of about the same skill requirements and pay.
      - all2 8y ago
        > Nobody is making their employees do the same repetitive labor in the same setting day in and day out. Do you not know anyone that works in a factory? Spend some time in the South, or in the Midwest. You'll find people who do the same thing day-in and day-out. Those jobs still exist.

veryworried 8y ago

As they should. That is the point of technology.

0xDEFC0DE 8y ago
Unless they are reducing employee counts in favor of hiring contractors, then trying to score political points about a hot-button issue like minimum wage.
- crumpets 8y ago
  Well then it's not because of technology is it?
  - 0xDEFC0DE 8y ago
    Might be a bit of both TBH. It’s rarely that cut and dry. The point here is calling out empty PR, but I’m not going to misrepresent an article without proof. I just have suspicions.
trophycase 8y ago
Is that the point of technology?

mruts 8y ago

Is that a problem? Isn't that how technology should work?

arcticbull 8y ago

These jobs aren't really high-quality work. We need less of them, and we need to provide those doing it a safety net or retraining for when they are displaced. Nobody should do factory jobs or other menial work just because we can't think far enough ahead to give them something new to do.

BurningFrog 8y ago
> Nobody should do factory jobs... This is a terrible attitude. Many blue collar jobs are perfectly good well paying careers available without crushing student debt to people who (crazy, I know) don't want to sit by a desk all day.
- arcticbull 8y ago
  I'm not saying these people have to take on desk jobs, I'm more of a basic income person myself. Instead of "hit X with hammer, place X in bin, repeat until retired" I suggest we find meaningful jobs for these people either in technical roles, small-businesses, liberal arts or whatever it is they want to pursue to create meaning in their lives. Robots will do the job better, they won't get tired, they won't get sick and they don't need meaning. These jobs aren't coming back, the sooner we face facts and work through it the better off we'll be in the economy of the future.
  - dsfyu404ed 8y ago
    It's not 1919. Nobody is making their employees do the same repetitive labor in the same setting day in and day out. That's how you burn our workers. You can only get away with that in industries where they'd burn out regardless for some other reason. Modern factory jobs are no worse than the other jobs of about the same skill requirements and pay.
    - all2 8y ago
      > Nobody is making their employees do the same repetitive labor in the same setting day in and day out. Do you not know anyone that works in a factory? Spend some time in the South, or in the Midwest. You'll find people who do the same thing day-in and day-out. Those jobs still exist.