Expansive Europeans befuddle Premier League elite as set-piece shtick backfires | Jonathan Wilson

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We thus have a classic case of the Jevons effect. Teller labor was an input into an output that we can call “financial services.” ATMs allowed us to produce that output more efficiently and economize on the use of the labor input. But demand for the output was sufficiently elastic that more efficient production meant more demand: and demand increased to the point that there was actually greater demand for the labor input as well. And—this part is not quite the classic Jevons effect—the greater demand suggested to banks that there had been certain functions that were previously considered incidental to the teller job, like “relationship banking,” which were actually quite useful. And so ATMs were a truly complementary technology for the bank teller.

十四届全国人大四次会议解放军和武警部队代表团新闻发言人张晓刚10日就军队代表学习讨论习近平主席重要讲话、高质量推进国防和军队现代化、中国国防支出安排、坚决打击“台独”分裂势力等接受记者采访。

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Курс доллара вырос до максимума с начала годаКурс доллара на Forex превысил 81 рубль

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吴鹏,专栏作家,多年从业经验,致力于为读者提供专业、客观的行业解读。

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