3 ms·
> ATM paradox[1] It's only a paradox because people are comparing absolute numbers after a period of time ignoring things like population growth. The average n
by preommr 3y ago
> ATM paradox[1]
It's only a paradox because people are comparing absolute numbers after a period of time ignoring things like population growth. The average number of tellers per branch went down.
There's also more horses in the us now than in the 1800s (~5mn vs 9mn now) even though cars have completely replaced them as a form of transport.
- sp0rk 3y ago> The average number of tellers per branch went down. Why is the number of tellers per branch an important metric?
- 4gotunameagain 3y agoI guess that because assuming unchanging branch sizes over time (which must follow the patterns of real estate), the number of branches should correlate with population size, therefore you take population out of the equation
- red-iron-pine 3y agolabor cost, plus likelihood of errors, theft, getting shot in a holdup, etc. ATMs just have lower overhead and less chance of being blackmailed into a heist