A lot of banks have bootcamps where they pick up unemployed people who might not have ever had tech experience in their life. They teach them COBOL and mainframe basics in a few months, and, if they do well, give them a shitty $60k annual job.

Source: know someone who went to one of these bootcamps and now works for a major us bank.

[–] Soulg@lemmy.world 46 points 11 months ago (1 children)

So you're saying you can get free training then just leave for a real paying company eh

[–] Asafum@feddit.nl 11 points 11 months ago (2 children)

I imagine they have some absurd contract that says they can't leave for 89 years or whatever

[–] SmoothIsFast@citizensgaming.com 18 points 11 months ago (2 children)

And I'd like to see that contract hold up in court lol

[–] DragonTypeWyvern@literature.cafe 12 points 11 months ago

The trick to exploiting people is keeping them in fear and ignorance.

[+] mcmoor@bookwormstory.social -8 points 11 months ago (1 children)

And people wonder why companies dont train undergrads anymore

[–] SmoothIsFast@citizensgaming.com 7 points 11 months ago (1 children)

Oh, no, educated workers who don't want to be taken advantage of and know their worth, maybe companies should value their employees if you want company loyalty.

[+] mcmoor@bookwormstory.social -7 points 11 months ago (3 children)

Oh no, job providers who don't want to be taken advantage of and know their worth, maybe people should value their job providers if you want their loyalty.

spoiler

My time on Lemmy (and Reddit before) ironically make me appreciate communism less and less

[–] Daft_ish@lemmy.world 6 points 11 months ago* (last edited 11 months ago)

Won't someone think of the Job providers?! How will they ever afford their third yacht. Damn communists.

^^^this is you^^^^

[–] SmoothIsFast@citizensgaming.com 3 points 11 months ago

Lmao alright bud go fire all your employees and see how you do. Then you will understand who needs to be loyal to who.

[–] Takumidesh@lemmy.world 2 points 11 months ago

I code one feature for my job in a sprint and it becomes a value generator for a decade, making the companies hundreds of thousands of dollars each year.

Software developers create value out of thin air for companies, value that management and leadership is unable to generate.

[–] Nollij@sopuli.xyz 1 points 11 months ago

There are some court cases going on right now about this type of thing. Generally, the payback is only allowed to be for the real cost of training, and only for a few years. So that 60k salary for 3 years is also the right amount to make you worth 150k anywhere else.

[–] djehuti@programming.dev 2 points 9 months ago

This has been going on for decades. My dad became a COBOL programmer in 1980ish after taking an aptitude test in answer to a newspaper ad. Y2K consulting was a pretty good gig.