Commentary

What Bank ATMs Teach Us About AI

By Stephen Moore
Tuesday, August 11 2026

New inventions and technologies, from the lightbulb to the farm tractor to the automobile to the laptop computer to Uber drivers, cause serious job market disruptions. They also cause a backlash, as horse and buggy operators, cab drivers, video rental stores and typewriter makers inevitably predicted chaos and job losses. Artificial intelligence will make life much better and healthier for most people, but it will bring massive disruptions too. What will happen to the people whose livelihoods are jeopardized by what ChatGPT or Claude can do faster, cheaper and better? It is a fair question. But…

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