Posted by colinprince 8 hours ago
There is no clear link to the iPhone causing lower teller employment.
This article does have a glaring omission: The 2008 financial crisis effects on the banking industry in general. When there are fewer local banks there are naturally fewer tellers employed. Bank failures peaked in 2010 in the aftershocks of the crises, which lines up nicely with the articles timeline.
Since I refuse to implement their "security" "feature," I just walk into their office every time I need a simple balance inquiry/transfer. They probably hate that I have just enough money deposited to consider my inconveniencing them profitable.
Worth the $1.00 monthly "in-person banking fee"
That’s not a bank teller’s job, at least not in the U. S. You’re confusing that job with something else.
I mean, there is definitely a turndown period in labour force when a new tech is introduced, but it will defintely produce more jobs tho, as an evolution of human history. <3