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by prepend 2453 days ago
And they were right. ATMs displaced tons of jobs. Banks used humans for other jobs and that’s why banking industry employment kept going up even with all these robots doing, better, the job previously done by humans.
4 comments

> all these robots doing, better, the job previously done by humans.

I don't know if you use ATM's a ton, but when it's the only option you have for interacting with your bank, it's pretty terrible, because your options for if something goes wrong is to call a number and get redirected to some general call center in probably some other country and wait while some minimally paid chap who couldn't care less about your problems follows a script and then when they can't figure it out, tell you they will file a ticket and get back to you in 3-7 business days.

I agree software and robots can do the job better with the caveat that you are using the well trodden majority use case. The moment something goes wrong (software bug, does the wrong thing, etc), or you are trying to do something slightly different, good luck.

Get a better bank. This comes up too often on HN. Prioritise customer service. Don't pick the bank that offers slightly better rates but gives you the run around on every little thing, especially for day-to-day services.

My bank (First Direct) picks up only barely after the ringing tone starts, and the person you're talking to is an expert. They have no branches, so everything must be solved on a phone call (or you can use their web site of course). Nobody needs or wants branches, especially branches that are only open when you've got better things to do.

I bank with USAA. I’ve never been in a branch in my life and they are amazing.

Their support is really good and always human.

I also bank with Citi, BA, and Chase. They have tellers and suck so much.

The current generation of bank branch tellers aren't making much more than minimum. In some cases just talking to the teller will generate a fee against your account if you don't use the ATM.

Wells Fargo employees had to generate more and more service fees to justify their employment. That was what came of the investigation a few years ago. If they weren't opening X new accounts every month they would be terminated.

And not minimum wage jobs. Tellers aren't at the high end of the pay scale, but not at the bottom either.

I imagine it's hitting the jobs a step or two above the tellers as well.

Most of the ATM's I've used only give $20 bills. Until that changes, Tellers will still be needed (where are you going to get your $2 bills, for example).