Another lesson from the history of technology in banking is that so many of the costs in banking are shared across products, and even across customers. Therefore, an investment that might have a positive impact on one customer base or product may not have the desired impact on the overall cost base. I believe that the early history of ATMs illustrates this lesson.
A lasting reduction in  1  BIS Review 17/2000  unemployment could be achieved only if further progress is made in structural reforms aimed at promoting flexibility on the labour market, providing jobs to low skilled workers and facilitating the return to the job market of the long-term unemployed.