Financial instruments (including money) is fundamentally just data. There is no reason to keep maintaining a large labor force in the sector. The first wave of

Financial instruments (including money) is fundamentally just data. There is no reason to keep maintaining a large labor force in the sector. The first wave of labor downsizing in banking came from the closure of retail branches. The second wave of downsizing, I suspect will come projects like Libra or CBDCs [1] where issuers bypass banks (now reduced to a redundant middleman) and reach users themselves. [1] https://www.bloomberg.com/news/articles/2019-09-10/why-china-s-rushing-to-mint-its-own-digital-currency-quicktake https://www.bloomberg.com/news/articles/2019-09-10/why-china...