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Study: Banks Will Replace 200,000 Workers With Robots by Next Decade - Observer

While workers across all job sectors may someday have to compete with machines for their daily bread-winning wage work—the dystopian near-future upon which ex-Silicon Valley executive Andrew Yang is basing his presidential campaign—no industry in America is spending more on ways to eliminate the human factor than banks. Using machines like ATMs to deal with the public rather than other human beings is an example of a “technological efficiency,” one of the labor-saving shortcuts the banking industry is spending $150 billion a year to develop, as Bloomberg reported. Observer

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