orogenicman
Darwin was a pastafarian
- Jul 24, 2013
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One-third of bank tellers rely on public assistance - CBS News
Can't wait to read the justifications from conservatives.
Taxpayers spend $899 million annually in state and federal benefits to support bank tellers and their families, according to a new report from The Committee for Better Banks.
One-third of bank tellers receive some sort of public assistance, ranging from Medicaid to food stamps, the financial industry employee advocacy group found, citing research from the University of California-Berkeley Center for Labor Research and Education. In New York state, almost 40 percent of bank tellers and their family members are enrolled in public assistance programs, costing the state and federal governments $112 million in benefits.
Bank workers in New York, across the nation and around the globe are being squeezed, very much as other hourly workers in the economy are, the report noted. Banks internal employment practices, just like their external practices, increasingly drive inequality.
Its not as if banks cant afford to pay their tellers more, judging from a surge in executive pay: Compensation for the top 50 financial chief executives rose by 20 percent in 2011 and 26 percent in 2010, the study notes.
Can't wait to read the justifications from conservatives.