Bank Tellers
topic on 3 shows · 6 statements across 6 episodes
Masters of Scale 
the a16z Podcast 
All-In
6 statements about Bank Tellers, every show
JD Vance: The US has more bank tellers today than in the 1970s
“What actually happened is we have more bank tellers now than we did in the 19 seventies. They do slightly different jobs, and they're more productive, and they earn higher wages”
Vance: ATMs increased financial sector employment and wages
“In reality, the advent of the ATM made bank tellers more productive, and you have more people today working in customer service in the financial sector than you had when the ATM was created. Now they're doing slightly different jobs, of course. Yes, they're do…”
Roy-Chowdhury: ATM deployment lowered branch costs and increased teller demand
“ATMs allowed bank branches to be created at a much lower cost. Therefore, there were many more bank branches, and therefore the need for tellers only increased, and tellers could then focus on higher value added tasks instead of routine transactions.”
Ismail: ATMs lowered branch costs 10x without reducing bank teller jobs
“When we looked in the past, when we've had disruptive technological innovation,
To come in and completely clean up.
We found that we don't lose jobs.
What we do is we increase capacity.
I'll give you a very clear example, which is in the seventies, we created …”
Chen: The introduction of ATMs actually increased total U.S. bank teller jobs
“After the introduction of the ATM for banking, the total number of bank tellers in the country increased, right? Because what we did was we built banks with ATMs in convenient places and put tellers in them. So we expanded the reach of banks so that you're, yo…”