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Half of bank jobs to go in next 10 years (Read 1494 times)
bogarde73
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Half of bank jobs to go in next 10 years
Nov 25th, 2015 at 9:11am
 
That's across the globe and that's a lot of unemployment.
Technology again mostly.

http://www.smh.com.au/business/banking-and-finance/every-second-banker-may-lose-...
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Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.
 
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innocentbystander.
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Re: Half of bank jobs to go in next 10 years
Reply #1 - Nov 25th, 2015 at 9:27am
 
Looks like jobs will become harder to come by in the future and this is why we must import hundreds of thousands of unskilled migrants  Cheesy Cheesy Cheesy
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perceptions_now
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Re: Half of bank jobs to go in next 10 years
Reply #2 - Nov 25th, 2015 at 10:53am
 
bogarde73 wrote on Nov 25th, 2015 at 9:11am:
That's across the globe and that's a lot of unemployment.
Technology again mostly.

http://www.smh.com.au/business/banking-and-finance/every-second-banker-may-lose-...


And, the Consequences, of these & other, Actions & Inactions???
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Maqqa
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Re: Half of bank jobs to go in next 10 years
Reply #3 - Nov 25th, 2015 at 11:12am
 
The word "banker" is interesting

The a business owner - banker means the relationship manager that looks after the business with its banking needs

To the doctor it means the personal who looks after their loans and all their banking needs

To the pensioner it means the teller who process their passbook on a periodical basis
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Bill 14% is not the alcohol content of that wine. It's your poll number
 
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Kytro
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Re: Half of bank jobs to go in next 10 years
Reply #4 - Nov 25th, 2015 at 11:29am
 
Don't expect this trend to go anyway anytime soon.

There are many industries likely be affected by automation, up to 40% of jobs could be at risk just with the technology we have now (once it is cheaper than they are).

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Maqqa
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Re: Half of bank jobs to go in next 10 years
Reply #5 - Nov 25th, 2015 at 11:31am
 
Kytro wrote on Nov 25th, 2015 at 11:29am:
Don't expect this trend to go anyway anytime soon.

There are many industries likely be affected by automation, up to 40% of jobs could be at risk just with the technology we have now (once it is cheaper than they are).



There are jobs today that didn't exist 30 years ago

Add to that the world has significantly increased its workforce

Things will change and there will be jobs

The question is - will Australians pick it up or do we need to import workers in?
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Bill 14% is not the alcohol content of that wine. It's your poll number
 
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bogarde73
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Re: Half of bank jobs to go in next 10 years
Reply #6 - Nov 25th, 2015 at 1:14pm
 
perceptions_now wrote on Nov 25th, 2015 at 10:53am:
bogarde73 wrote on Nov 25th, 2015 at 9:11am:
That's across the globe and that's a lot of unemployment.
Technology again mostly.

http://www.smh.com.au/business/banking-and-finance/every-second-banker-may-lose-...


And, the Consequences, of these & other, Actions & Inactions???


I honestly don't know perceptions.

Some people see a problem on the horizon and ask what course should we steer.

I see a problem on the horizon and look the other way.
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Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.
 
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Kytro
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Re: Half of bank jobs to go in next 10 years
Reply #7 - Nov 25th, 2015 at 1:26pm
 
Maqqa wrote on Nov 25th, 2015 at 11:31am:
Kytro wrote on Nov 25th, 2015 at 11:29am:
Don't expect this trend to go anyway anytime soon.

There are many industries likely be affected by automation, up to 40% of jobs could be at risk just with the technology we have now (once it is cheaper than they are).



There are jobs today that didn't exist 30 years ago

Add to that the world has significantly increased its workforce

Things will change and there will be jobs

The question is - will Australians pick it up or do we need to import workers in?


You're dreaming if you think job creation is going to outpace automation.

While there are new jobs, the vast majority are employed in jobs that existed in some form 100 years ago.
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Maqqa
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Re: Half of bank jobs to go in next 10 years
Reply #8 - Nov 25th, 2015 at 1:54pm
 
Kytro wrote on Nov 25th, 2015 at 1:26pm:
Maqqa wrote on Nov 25th, 2015 at 11:31am:
Kytro wrote on Nov 25th, 2015 at 11:29am:
Don't expect this trend to go anyway anytime soon.

There are many industries likely be affected by automation, up to 40% of jobs could be at risk just with the technology we have now (once it is cheaper than they are).



There are jobs today that didn't exist 30 years ago

Add to that the world has significantly increased its workforce

Things will change and there will be jobs

The question is - will Australians pick it up or do we need to import workers in?


You're dreaming if you think job creation is going to outpace automation.

While there are new jobs, the vast majority are employed in jobs that existed in some form 100 years ago.


Your post shows you did not understand what I wrote

(1) The world population has grown in 1974 it was 4 billion, 5 billion in 1987, 7 billion in 2011 and 8 billion by 2024. The growth rate is ever increasing
(2) The workforce are more transient
(3) Despite this there is work if you want it i.e. job creation

Show me figures where you think automation is outpacing job creation
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Bill 14% is not the alcohol content of that wine. It's your poll number
 
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Kytro
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Re: Half of bank jobs to go in next 10 years
Reply #9 - Nov 25th, 2015 at 4:45pm
 
Maqqa wrote on Nov 25th, 2015 at 1:54pm:
Kytro wrote on Nov 25th, 2015 at 1:26pm:
Maqqa wrote on Nov 25th, 2015 at 11:31am:
Kytro wrote on Nov 25th, 2015 at 11:29am:
Don't expect this trend to go anyway anytime soon.

There are many industries likely be affected by automation, up to 40% of jobs could be at risk just with the technology we have now (once it is cheaper than they are).



There are jobs today that didn't exist 30 years ago

Add to that the world has significantly increased its workforce

Things will change and there will be jobs

The question is - will Australians pick it up or do we need to import workers in?


You're dreaming if you think job creation is going to outpace automation.

While there are new jobs, the vast majority are employed in jobs that existed in some form 100 years ago.


Your post shows you did not understand what I wrote

(1) The world population has grown in 1974 it was 4 billion, 5 billion in 1987, 7 billion in 2011 and 8 billion by 2024. The growth rate is ever increasing
(2) The workforce are more transient
(3) Despite this there is work if you want it i.e. job creation

Show me figures where you think automation is outpacing job creation


It's a natural consequence of automation. Once a job is automated cost effectively, then it's gone.

Consider the number of people in the Taxi Industry in Australia, there are about 70,000 drivers, jobs that will eventually go.

The CEDA report found that about five million jobs (40%) are likely to be replaced in the next two decades and an additional 18.4 per cent of the workforce could be a reasonable risk.

This isn't some wild speculation.
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Grappler Deep State Feller
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Re: Half of bank jobs to go in next 10 years
Reply #10 - Nov 25th, 2015 at 7:31pm
 
Now, then Human Banker.. about your position........

...
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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perceptions_now
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Re: Half of bank jobs to go in next 10 years
Reply #11 - Nov 25th, 2015 at 7:53pm
 
Maqqa wrote on Nov 25th, 2015 at 1:54pm:
Kytro wrote on Nov 25th, 2015 at 1:26pm:
Maqqa wrote on Nov 25th, 2015 at 11:31am:
Kytro wrote on Nov 25th, 2015 at 11:29am:
Don't expect this trend to go anyway anytime soon.

There are many industries likely be affected by automation, up to 40% of jobs could be at risk just with the technology we have now (once it is cheaper than they are).



There are jobs today that didn't exist 30 years ago

Add to that the world has significantly increased its workforce

Things will change and there will be jobs

The question is - will Australians pick it up or do we need to import workers in?


You're dreaming if you think job creation is going to outpace automation.

While there are new jobs, the vast majority are employed in jobs that existed in some form 100 years ago.


Your post shows you did not understand what I wrote

(1) The world population has grown in 1974 it was 4 billion, 5 billion in 1987, 7 billion in 2011 and 8 billion by 2024. The growth rate is ever increasing
(2) The workforce are more transient
(3) Despite this there is work if you want it i.e. job creation

Show me figures where you think automation is outpacing job creation



That IS NOT CORRECT!
The Growth Rate has actually been in Decline, for quite some time, with Fertility Rates having Peaked at over 5 in the 50's & now it is lucky to be over Replacement level of 2, in many countries.

In fact, some countries are already in Decline in respect of their Total Population, Japan being the most noticeable.

Many other countries will shortly follow that path AND the Global Total Population will be lucky IF it reaches 8 Billion, BEFORE GOING INTO DECLINE UNTIL THE END OF THIS CENTURY AND PERHAPS DECLINING TO 3-4 BILLION. 


That is now in the process of change, IF in fact, it ever existed!
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Maqqa
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Re: Half of bank jobs to go in next 10 years
Reply #12 - Nov 25th, 2015 at 9:04pm
 
perception

lets see your reference

http://www.worldometers.info/world-population/
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perceptions_now
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Re: Half of bank jobs to go in next 10 years
Reply #13 - Nov 25th, 2015 at 11:05pm
 
Maqqa wrote on Nov 25th, 2015 at 9:04pm:
perception

lets see your reference

http://www.worldometers.info/world-population/

Maqqa,
1) What part/s of what I wrote, do you not agree with?
2) Did you actually take any time, to look thru your own reference?
Perhaps, you could start by looking under -

Growth Rate
Population in the world is currently (as of 2015-2016) growing at a rate of around 1.13% per year. The average population change is currently estimated at around 80 million per year.

Annual growth rate reached its peak in the late 1960s, when it was at 2% and above. The rate of increase has therefore almost halved since its peak of 2.19 percent, which was reached in 1963.

The annual growth rate is currently declining and is projected to continue to decline in the coming years. Currently, it is estimated that it will become less than 1% by 2020 and less than 0.5% by 2050.
==============================================
Oh & btw, I may agree with some of the projected outcomes, in YOUR SOURCE, but I would suggest they may be a little out in some of their projections

As for the Declining Fertility rate -
World historical TFR (1950–2015)

UN, medium variant, 2010 rev.[2]
Years      TFR
1950–1955      4.95
1955–1960      4.89
1960–1965      4.91
1965–1970      4.85
1970–1975      4.45
1975–1980      3.84
1980–1985      3.59
1985–1990      3.39
1990–1995      3.04
1995–2000      2.79
2000–2005      2.62
2005–2010      2.52
2010–2015      2.36
https://en.wikipedia.org/wiki/Total_fertility_rate
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perceptions_now
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Re: Half of bank jobs to go in next 10 years
Reply #14 - Nov 26th, 2015 at 2:40pm
 
perceptions_now wrote on Nov 25th, 2015 at 11:05pm:
Maqqa wrote on Nov 25th, 2015 at 9:04pm:
perception

lets see your reference

http://www.worldometers.info/world-population/

Maqqa,
1) What part/s of what I wrote, do you not agree with?
2) Did you actually take any time, to look thru your own reference?
Perhaps, you could start by looking under -

Growth Rate
Population in the world is currently (as of 2015-2016) growing at a rate of around 1.13% per year. The average population change is currently estimated at around 80 million per year.

Annual growth rate reached its peak in the late 1960s, when it was at 2% and above. The rate of increase has therefore almost halved since its peak of 2.19 percent, which was reached in 1963.

The annual growth rate is currently declining and is projected to continue to decline in the coming years. Currently, it is estimated that it will become less than 1% by 2020 and less than 0.5% by 2050.
==============================================
Oh & btw, I may agree with some of the projected outcomes, in YOUR SOURCE, but I would suggest they may be a little out in some of their projections

As for the Declining Fertility rate -
World historical TFR (1950–2015)

UN, medium variant, 2010 rev.[2]
Years      TFR
1950–1955      4.95
1955–1960      4.89
1960–1965      4.91
1965–1970      4.85
1970–1975      4.45
1975–1980      3.84
1980–1985      3.59
1985–1990      3.39
1990–1995      3.04
1995–2000      2.79
2000–2005      2.62
2005–2010      2.52
2010–2015      2.36
https://en.wikipedia.org/wiki/Total_fertility_rate


So Maqqa, I hope you have now, at least, actually read a little of your own reference and you now have "some" understanding, at least of "some" of the Demographic issues now in play? 
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