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Thousands of tellers lost their jobs when the ATM was invented From 1985 to 2002, bank teller employment went up by over 40,000, and from 2002 to 2008 over 75,

• gsibble 12y ago
  http://www.forbes.com/sites/timworstall/2011/06/17/atms-destroy-teller-jobs-yes-of-course-they-do-thats-the-point-of-having-them/ http://www.forbes.com/sites/timworstall/2011/06/17/atms-dest...
  • jljljl 12y ago
    The difference between the Forbes article and the Economist article is the Economist article cites facts and figures. Economies tend to be more complicated than you think. For example: ATMs may have led to an increase in banking activity, and a perception of greater value for bank accounts, which may have actually led to a greater demand for local branches and thank tellers.
    • gsibble 12y ago
      So in other words, taxi drivers should not be afraid of Uber. Thank you for making that clear. :) Please go tell them that. I'm sure that will put them at ease.
      • tedks 12y ago
        ...no, I think what the comment parent is saying is that ATMs:Bank tellers :: Uber : Taxi drivers is not a valid analogy.