As a result, the bank clerk has become extinct, or at least an endangered species. Such changes occurred not only in banking but in all industries. Any task that could be programmed was moved onto electronic platforms, displacing workers in the process.
This could be the force behind the graph on U.S. employment according to worker skills, which shows the greatest job losses after the Great Financial Crisis were those for medium-skilled workers. The next two slides (on pages 25 and 26) are schematic illustrations of this development.