Essay on automation in banking sector

However, since the s, productivity and compensation have steadily diverged.

Essay on automation in banking sector

All Americans deserve better. No one cares about me. I met the man who said those words while working as a bartender in the Ozark Mountains of northwest Arkansas.

IBPS Banking Awareness & GA: High Priority topics Studyplan

It was a one-street town in Benton County. It had a beauty parlor, a gas station, and a bar where locals came on Friday nights to shoot the shit over cheap drinks and country music. I arrived in Arkansas by way of another little town in Louisiana, where all but a few local businesses had boarded up when Walmart moved in.

In Arkansas, I was struggling to survive. Across the highway from the bar was the trailer park where I lived. There was a big hole in the ceiling, and parts of the floor were starting to crumble under my feet.

It leaned to one side, and the faint odor of death hung around the bathroom. No doubt a squirrel or a rat had died in the walls. I told myself that once the flesh was gone, dissolved into the nothingness, the smell would go away, but it never did.

I loved that trailer.

Explore our featured insights | McKinsey & Company

Sitting in a ratty brown La-Z-Boy, I would look around my tin can and imagine all the ways I could paint the walls in shades of possibility. I loved it for the simple reason that it was the first and only home I have ever owned.

My trailer was parked in the middle of Walmart country, which is also home to J. There is a whole lot of money in that pocket of Arkansas, but the grand wealth casts an oppressive shadow over a region entrenched in poverty.

Executive mansions line the lakefronts and golf courses. On the other side of Country Club Road, trailer parks are tucked back in the woods. The haves and have-nots rarely share the same view, with one exception: Benton County has been among the most historically conservative counties in Arkansas.

There is an unavoidable question about places like Benton County, a question many liberals have tried to answer for years now: Why do poor whites vote along the same party lines as their wealthy neighbors across the road?

But what if those easy answers are two sides of the same political coin, a coin that keeps getting hurled back and forth between the two parties without ever shedding light on the real, more complicated truth? They want to believe their voices matter. A January survey by the Rand Corporation reported that Republican primary voters are Why do they believe a Trump presidency would amplify their voices?

From the time of slavery yes, slavery to the rise of Donald Trump, wealthy elites have relied on the allegiance of the white underclass to retain their affluence and political power. U ntil the first African slaves were brought to Jamestown, Virginia, inwealthy plantation owners relied on indentured servants for cheap labor.

These white servants were mostly poor Europeans who traded their freedom for passage to the American colonies. They were given room and board, and, after four to seven years of grueling servitude, freedom. About 40 percent lived long enough to see the end of their contract. With no resources and nowhere to go, many walked to regions where land could still be homesteaded, and settled in remote areas such as the Appalachian Mountains.

As the British labor market improved in the s, the idea of indentured servitude lost its appeal to many would-be immigrants. Increasing demand for indentured servants, many of whom were skilled laborers, soon bumped up against a dwindling supply, and the cost of white indentured servants rose sharply.

Plantation owners kept skilled white servants, of course, often making them plantation managers and supervisors of slaves. This introduced the first racial divide between skilled and unskilled workers. Still, African slaves were cheaper, and the supply was plentiful. Seeing an opportunity to realize a higher return on investment, elite colonial landowners began to favor African slaves over white indentured servants, and shifted their business models accordingly.

They trained slaves to take over the skilled jobs of white servants. An investment in African slaves also ensured a cost-effective, long-term workforce. Female slaves were often raped by their white owners or forced to breed with male slaves, and children born into slavery remained slaves for life.

In contrast, white female servants who became pregnant were often punished with extended contracts, because a pregnancy meant months of lost work time.Understanding the labor productivity and compensation gap.

By Michael Brill, Corey Holman, Chris Morris, Ronjoy Raichoudhary, and Noah Yosif.

Essay on automation in banking sector

Analysis. Global aerospace and defense industry financial performance study Commercial aerospace sector performance decelerates, while defense sector . Banking sector has been 1st sector to try and to implement technology since its inception.

Banking is mostly service and human beings get bored by doing repeated steps and there is . As long ago as , in his Paths to Paradise, André Gorz, a self-proclaimed “revolutionary-reformist” stated, baldly, that the “micro-economic revolution heralds the abolition of work.

Are you a Fresh Banking Graduate in Kenya? Looking for Banking Jobs in Kenya rutadeltambor.com has over Jobs in Kenya from Banking Firms. Misc thoughts, memories, proto-essays, musings, etc. And on that dread day, the Ineffable One will summon the artificers and makers of graven images, and He will command them to give life to their creations, and failing, they and their creations will be dedicated to the flames.

CURRENT BANKING JOBS IN KENYA - See rutadeltambor.com for Kenya Jobs