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The big 4 Australian banks (Commonwealth Bank, ANZ, National Australia Bank and Westpac) all employ pretty much the same number of people now as they did 25 yea
by bigfatkitten 4mo ago
The big 4 Australian banks (Commonwealth Bank, ANZ, National Australia Bank and Westpac) all employ pretty much the same number of people now as they did 25 years ago, but their workforce composition has changed. More software developers, fewer branch staff.
- monjedetonsura 4mo ago~20% outsorced workforce in places like India, Vietnam and Philipines nowadays
- bigfatkitten 4mo agoI’m only counting the Australian FTE. The numbers are up if you count the outsourcing.
- Retric 4mo agoThe Australian population size isn’t pretty much the same as it was 25 years ago. 28 million in 2026 vs 18.8 million in 2001 is a ~50% jump… So no the numbers are down significantly even with outsourcing.
- protocolture 4mo agoI really hate the (very australian) propensity to take an argument about X, and make it about X as a proportion of Y, pretending they are exactly the same statistic. LNP: Taxes less. Labor: Taxes less (as a proportion of GDP) (Seeing as GDP includes government spending, it seems like you can make the rate of tax go down by increasing government spending by more than taxes increase) If a claim is about X, introducing another variable doesn't invalidate the claim about X.
- Retric 4mo agoIn this case my original post that everyone was responding to here was talking about employment as a function of population as obviously a larger population needs more food etc. Ignoring that when the global population is likely to peak soon due to falling birth rates is a massive mistake. Jobs in a world of falling population and increasing automation is largely uncharted territory.
- protocolture 4mo agoAn outsourced job is still a job. Its just for the government to rebalance the economy if those jobs are desirable to reshore.
- deleted 4mo ago[deleted]