The invention of the atm paradoxically led to there being MORE branches, not less. There's a bunch of articles about it but basically ATMs reduced per branch l

The invention of the atm paradoxically led to there being MORE branches, not less. There's a bunch of articles about it but basically ATMs reduced per branch labor costs, because a lot of the work was automated. Branches are like huge advertisements for the bank, and people want nearby branches. So we wound up with more branches and even more tellers. Here's one of the articles about this. https://www.recode.net/2017/5/8/15584268/eric-schmidt-alphabet-automation-atm-bank-teller https://www.recode.net/2017/5/8/15584268/eric-schmidt-alphab...