Disintermediation

Disintermediation is a good and bad thing. Bad because it does cost some jobs. Since it cuts out the middle man, there are many jobs that are no longer needed. In turn, it does make it much easier for the average consumer to deal with many things with minimal interaction. In banking, there are no longer a bunch of tellers to help people, most things can be done online or at an ATM. You no longer need to deposit money with a person, because many ATM's allow people to directly deposit their money and check, and even with cell phone applications. People can invest money without the need of a broker. One thing that has changed dramatically, are travel agencies. People can now book flights and hotels online. You can usually get a better deal when buying online as well. A travel agent no longer gets a cut of your investment towards a vacation. I find it much easier than making numerous phone calls to plan a vacation.