The Strategic Implications of Technology on Job Loss‪.‬

ABSTRACT This paper investigates the impact of technology on job loss (both slowed growth rates and actual declines) across the economy (both manufacturing and service segments) and reflects on the strategic implications of that activity for firms and individuals. It argues that the technology-enabled economy will continue to expand and produce an increasing potential for further job losses or reallocation across all economic sectors. Firms able to create or adopt strategies for coping with the implications of technology in their respective industries may be able to convert a potentially difficult situation into an opportunity. Finally, this paper begins to investigate the question: how will (or can) the economy provide continued or future employment to displaced workers or alternatively give them and their firms some practical strategic coping mechanisms?