Thread regarding Wells Fargo & Co. layoffs

Follow Arindam Banerrji on LI or watch any of the YouTube videos of his interviews to see a leader who cares deeply about workers well being and upward mobility. He would make a fabulous replacement for Scharf. I am a huge fan.

I'm just not sure US culture and economics could match India. That country is going all in. We are too laissez-faire, Reaganomics, me-me-me, what do I gain NOW ... India is about long term investment.

And they still cost 90% less than you. Stop complaining and do your job.

@xgr. Well the party of no doesn’t like those pesky tax laws enforced on the rich and corporations. Probably because they are violating them too.

All the reason to outsource and h1b all the risk and financial jobs to India and their people

@rlv

Not a chance that I would save money by paying out the rear in taxes instead of the reasonable premiums that I'm currently paying.

The wait time does hold water. England, Canada, Australia, and others routinely experience insane wait times.

Nearly all medically necessary procedures are covered by HMO/PPO plans without needing authorization. Most prior auths are due to medications or procedures that are are medically sound but not necessary. Most people spend most of their lives not going through a lengthy pre-auth.

I don't have a Cadillac plan. Those don't exist at WF. There's just no way that going universal would be cheaper for me (or anyone else) with the same health plan. The reason why is because most people in the US do not pay income taxes. So the entirety of this country's healthcare costs would fall on (you guessed it) middle class, and middle class can't afford to carry unambitious or talentless people.

I am not surprised as they value their workers over US workers. They get twice as many holidays too.

@klc. But national healthcare isn’t free. If you think so, you obviously aren’t paying attention. You would pay more taxes but save a heck of a lot when you consider the premiums you pay out.

The argument about waiting doesn’t hold water either considering you wait here while you jump through the hoops with the HMOs to get something approved that their first instinct is to deny.

My guess is you have a Cadillac plan and don’t care about anyone you consider below you from your spiel.

@ifg

Your post provides a point of view from the I-want-everything-to-be-'free'-without-consequences mo--nic camp.

So, thanks...I guess...

Noble effort OP, but no amount of effort is ever going to talk the too-proud-for-healthcare mo--ns back to reality

STFU OP

I wouldn't take any of that if I can't find toilet paper

@gbb+1kc7xIhi

...and yet, still cleaner than SF!

people fail to realize cost of living differences. the same reason the same position in San Francisco has a higher salary range than Des Moines. While a 100k+ job in US may only pay 25k in India, that is a good middle class wage and affords them a good life style.

My former manager visited our Indian counterparts. Yes, in absolute numbers they get paid less but in relative terms they are paid quite well. They aren't exactly getting screwed.

If any of you keyboard warriors ever visited India, and actually observed the standard of living for the folks that you’re referring to, you’d stop carping about all of this stuff in a hot minute.

What about compensation differences? Do Indians make the same, or about the same, comp as American workers?

If by chance we Americans make a lot more money than Indians do, then I'd rather have the extra cash because...

• I don't have kids, so free childcare means nothing to me. (Also, don't assume that 'free' means 'good' - it usually doesn't, right?).
• I sleep at night, and wouldn't be able to fall asleep in a bed that someone else just slept and drooled in (gross), not to mention there's probably strong pressure not to use them very much, and the more you sleep, the longer of a day you'll be working.
• I like non-universal healthcare because I don't want to wait six months to see a doctor just to save a $20 copay.
• Unions aren't automatically a good thing. In most cases they do little/nothing for the worker. At this point in time, unions are mainly for lower functioning people that need other adults to have conversations for them.
• Free transportation... You mean packed like sardines on an open bus with people and animals? No thanks, I love the freedom and independence of driving.

Many things should be improved at Wells, no doubt. But modeling ourselves after a third world country isn't the answer. There's a reason why countless Indians line up to become US citizens, but not vice versa.