‘Goliath Is Winning’: The Biggest U.S. Banks Are Set to Automate Away 200,000 Jobs
Over the next decennary , U.S. banks , which are investing $ 150 billion in technology yearly , will use mechanization toeliminate 200,000 jobs , thus facilitating “ the greatest conveyance from labor to capital ” in the diligence ’s history . The call is coming from inside the sign this time , too — both the projection and the quote come from a recent Wells Fargo news report , whose hint author , Mike Mayo , severalise the Financial Timesthat he expects the industriousness to shed 10 percent of all of its job ....