What will be the effect of automation on financial services and investment? Aren’t these jobs the first to go?
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You can imagine some dislocation for mid skill jobs theoretically but we empirically don’t seem to see a lot of it from automation directly. Do see from standard cycle (lower employment of mortgage brokers immediately after 08, etc).
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Automation hit tellers years ago so we wouldnt expect too much more right now. Bigger concern would be the totally online banks which are marketing towards younger gens. Can see this having a big impact 10 yrs down the line.
End of conversation
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