The whole “automation increases employment in the long run” example of ATMs not reducing teller jobs didn’t look at a long enough time scale.

Namely, post-2010 you do indeed see a massive reduction in teller jobs in many countries. (40% decline here in Iceland).

@baldur I think we had to wait for the generation that would never touch an ATM (but still had big bank accounts) to pass on before the transition could be completed.

The forced march toward online bill payment continues on this trajectory as well.