When we think of minimum-wage workers, most of us think of McDonalds,
Burger King, and Walmart. But that leaves out the financial sector. The
most common jobs in banks are bank tellers. According to the National
Employment Law Center, bank tellers earn an average of $12.25 an hour; a
full-time teller earns $25,800 a year. That's close to a poverty wage
for a family of three. In New York State, the median bank teller gets
$13.31 an hour, with the result that almost 40 percent of them receive
public assistance.Why can’t Bank of America, Citibank, Wells Fargo, and other giant banks
pay their tellers a decent wage? One bright note: New York’s Amalgamated
Bank is the first to institute a $15 minimum wage. The Bank’s president
and CEO, Keith Mestrich, has been a vocal supporter of the Fight for
$15 movement, and has called on other banks to follow its lead.
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