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Comment by blibble | Hacker News Reader

so because the mechanisation of agriculture resulted in an increase in employment/living standards, that means the mechanisation of the service sector must also?

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https://www.aei.org/economics/what-atms-bank-tellers-rise-ro... Well, the average bank branch in an urban area required about 21 tellers. That was cut because of the ATM machine to about 13 tellers. But that meant it was cheaper to operate a branch. Well, banks wanted, in part because of deregulation but just for deregulation but just for basic marketing reasons, to increase the number of branch offices. And when it became cheaper to do so, demand for branch offices increased. And as a result, demand for bank tellers increased. We see a whole number of occupations where you might think that technology is going to destroy jobs because it’s taking over tasks; and the reverse happens.

this is not an example that works in your favour (other than maybe in the US, which has a banking system 25 years behind the rest of the world)

in most countries branches are closing at an ever increasing rate explicitly because of technology

https://www.which.co.uk/news/article/6000-bank-branches-clos...

every new bank in the UK founded in the last 10 years has no branches at all

is the influencing sector part of the service sector or the next sector that seems everybody without a job is flocking to?

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