Banks Without Employees: A Sign of the Times?

I came across an interesting news story this morning:

Bank of America Opens Branches Without Employees.

In the article, it was announced that Bank of America opened three completely automated branches where customers can use ATM’s and video conference with employees at other branches.

There are no employees working at these branches.

Now on one hand, this is a great convenience: we can go get what we need done quickly and efficiently. No one trying to upsell you to refinance your mortgage or open a new checking account. In this day and age, we demand fast service with little fanfare.

However, on the other hand, this could be an ominous sign for employees around the world.

In a previous post, I talked about automation and the various jobs across many professions that are being eliminated.  (Click HERE to read that post.)

The question we must ask is what happens to the employees? Where will people work as things become more automated? How will they pay their bills?

As we anxiously await new jobs from the new administration, many professions are becoming more automated. More companies are seeking ways to increase profits and productivity. Automation is a great way to accomplish both, albeit at the expense of workers. What if jobs finally come, only to be phased out a couple years later?

As automation becomes more prevalent in our society, it’s critical we seek other means of employment. There’s no guarantee any of us will work the same job for 20 years like our grandparents.

Whether we like it or not, layoffs are a way of life. It does not matter how nice you are, how great a job you’ve done, or how long you’ve been with a company. If they decide to trim staff, you could be out the door. This is the reality we now face as a society.

Instead of waiting on a job, we must look at ways to create one. Instead of being reactive, be proactive. Turn your passion into your profession. Determine how to make something you enjoy into a viable means of employment.

Starting your own business can be difficult, but it’s not impossible. There are many steps a person must take to increase their probability of success. This is why I wrote my NEWLY RELEASED BOOK (with co-author Jeffrey White) Readi – Set Go! A Simple Guide to Establishing A Successful Small Business.  (Pick up a copy HERE)

The world is changing as we know it. Bills are never-ending. We have rent, gas and food to pay for whether we have a job or not. It’s time to seriously consider starting your own business!