Dossier
mobile banking
Coverage of mobile banking in the Nexus archive.
- Vanguard Chief Economist: AI and jobs, still in an ATM phase
The article uses historical examples, such as ATMs and mobile banking, to argue that isolated task automation rarely causes large-scale job losses. Meaningful disruption occurs when technologies are combined with new workflows, business models, and institutional changes. The author suggests that if AI becomes a general-purpose technology like electricity or the personal computer, fears of widespread job loss are likely overblown.