What was the banking industry's response to inflation? It was simply the invention of the ATM, or an automated teller machine. This invention made money available to the average person, whether or not that money existed in their bank account or not.
This leading to negative consequences of the average citizen. With the new found system of the ATM, it makes it easier for everyone to obtain money. Instead of someone taking there lunch break to go through the process of going to the bank, getting a withdrawal slip, filling it out and then getting their money. Now its only a punch of a button away. With these workers new found spare time they use it to go out and shop, grab a bite to eat or anything they please, but it usually ends up involving money. This spare time has lead to impulse buying for some.
With the ease of knowing their money is so easily obtained by either credit card, or the dispensing of money through an ATM, they no longer keep up with check books and all the frivolous ways of paper. Now were able to pull up our every move and purchase in a few seconds through the Internet or the ATM itself. This develops a care free attitude compared to the days when people had their checkbooks balanced to the penny. That carefree attitude of adults may be a result of the way children now perceive money.
Even good people who would never dream of "robbing a bank" or stealing from someone else fall into an impulse and have the mindset that free money will come from this new found creation of the ATM. With the creation of this machine comes positive and negative affects. It just depends on how you decide to use it.
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