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the more obvious recent example is that we employ more bank tellers than we did before the ATM, because the ATM reduced the amount of labor hours needed to oper
by bobthepanda 2y ago
the more obvious recent example is that we employ more bank tellers than we did before the ATM, because the ATM reduced the amount of labor hours needed to operate a bank branch and made a lot of marginal bank branches pencil out.
Only the recent trend of online banking services is really actually turning this around.