The effect of automated teller machines (ATMs) on the bank teller profession reveals a more nuanced reality. As a result, total U.S. bank teller employment remained broadly stable from 1980 through 2010. Unlike the ATM, which automated a task, mobile banking largely automated the entire trip to a bank. AI may ultimately transform the labor market, just as mobile banking transformed retail banking. But the evidence today suggests we remain closer to the ATM phase than the mobile banking phase.