Intriguing: ATMs Actually Increased The Demand For Tellers

March 4, 2015 2:54 am

We spotted this today:

“Starting in the mid-1990s, banks rapidly increased their use of ATMs; over 400,000 are installed in the United States alone today. One might expect such automation to decimate the ranks of bank tellers, but in fact the number of bank teller jobs did not decrease as the ATMs were rolled out” Source

Do read the source for the complete analysis – but here is the highlight – “In short, the economic response to automation of bank tellers’ work was much more dynamic than many people would expect”

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