Tag: ATM

Amara’s Law & Underestimating the Future

It seems the robot revolution is always “just around the corner.” Truckers and taxi-drivers may be worried their jobs will be gone within a few years. Patients wonder why our bio-technology hasn’t cured cancer after decades of research. While technological advances are impressive, our expectations exceed reality…in the short run. When Automated Teller Machines came

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50+ Years of Automated Teller Machines…Why Didn’t Teller Jobs Disappear?

Last year in June, the ATM celebrated its 50th birthday. So, if tellers have been “automated" for over 50 years, why do we still have tellers? And what does this tell us about the AI threat to jobs that everyone fears? Many people thought that the ATMs would eventually wipe out teller jobs, but in

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