{"id":12258,"date":"2015-03-19T09:00:58","date_gmt":"2015-03-19T13:00:58","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=12258"},"modified":"2015-03-19T00:23:54","modified_gmt":"2015-03-19T04:23:54","slug":"the-atm-didnt-kill-bank-tellers-it-helped-them","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2015\/the-atm-didnt-kill-bank-tellers-it-helped-them\/","title":{"rendered":"The ATM Didn\u2019t Kill Bank Tellers. It Helped Them"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/03\/031915_0421_TheATMDidnt1.jpg\" alt=\"\" width=\"640\" height=\"425\" \/><\/p>\n<p>ATMs making bank tellers obsolete is thought by some to be a foretelling of a grim future where humans find that they can no longer compete with machines for jobs. Turns out that ATMs haven&#8217;t actually been that bad for bank tellers, according to Timothy Taylor:<\/p>\n<ul>\n<li>After ATMs arrived the number of bank tellers actually slightly increased.<\/li>\n<li>This was in part because with ATMs banks could have a greater number of smaller branches. While each branch didn&#8217;t employ many tellers, the greater number of branches boosted the overall employment figures.<\/li>\n<li>Bank tellers also evolved to provide higher value services such as solving financial problems, creating demand for a new type of employee.<\/li>\n<li>This example indicates that instead of worrying about a lack of jobs in the future, we should actually be worried about people not having the skills for the types of jobs that will be created in the <a href=\"https:\/\/www.amazon.com\/The-Second-Machine-Age-Technologies\/dp\/0393239357\/ref=as_sl_pc_ss_til?tag=centives-20&amp;linkCode=w01&amp;linkId=ZDURDGWJE7T5FGKR&amp;creativeASIN=0393239357\">Second Machine Age<\/a>.<\/li>\n<\/ul>\n<p>See a chart showing how the number of tellers and ATMs have changed through the years, what we should make of all this, and more over <a href=\"http:\/\/conversableeconomist.blogspot.com\/2015\/03\/atms-and-rising-number-of-bank-tellers.html\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/conversableeconomist.blogspot.com\/2015\/03\/atms-and-rising-number-of-bank-tellers.html\">Conversable Economist<\/a><\/p>\n<p>Via: <a href=\"2015\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ATMs making bank tellers obsolete is thought by some to be a foretelling of a grim future where humans find that they can no longer compete with machines for jobs. Turns out that ATMs haven&#8217;t actually been that bad for bank tellers, according to Timothy Taylor: After ATMs arrived the number of bank tellers actually [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/03\/031915_0421_TheATMDidnt1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/12258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=12258"}],"version-history":[{"count":2,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/12258\/revisions"}],"predecessor-version":[{"id":12260,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/12258\/revisions\/12260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/12257"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=12258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=12258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=12258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}