Technology creates new jobs but reduces the number of people and processes needed to do the same job.
Technology creates new value but reduces the value of the contribution humans make.
Technology creates new markets but shrinks the amount winners in those markets
Technology compresses, through digitalization, the number of steps involved in delivering products. (Music and movie industry to name two examples)
Technology increases your technical advantages but forces other competitors to do the same thus reducing the advantage of the individual until you own most of the market.
Globalization creates bigger markets and temporarily offsets the need for technology to provide a more cost-effective competitive advantage.
Outsourcing is the step before automation.
Technology keeps improving while humans don't.
The value added by the individual in a job function is mostly only a fraction of what the human is capable of doing.
Technology is really good at solving these simple tasks and are becoming better and better.
Ironically a cleaning lady will be out of a job much later than a radiologist is.
The jobs that are left for humans are low-value jobs and will be pushed down even more as more and more humans become available to the job market because technology renders them useless in other situations.
Technology creates new jobs but reduces the number of people and processes needed to do the same job.
Technology creates new value but reduces the value of the contribution humans make.
Technology creates new markets but shrinks the amount winners in those markets
Technology compresses, through digitalization, the number of steps involved in delivering products. (Music and movie industry to name two examples)
Technology increases your technical advantages but forces other competitors to do the same thus reducing the advantage of the individual until you own most of the market.
Globalization creates bigger markets and temporarily offsets the need for technology to provide a more cost-effective competitive advantage.
Outsourcing is the step before automation.
Technology keeps improving while humans don't.
The value added by the individual in a job function is mostly only a fraction of what the human is capable of doing.
Technology is really good at solving these simple tasks and are becoming better and better.
Ironically a cleaning lady will be out of a job much later than a radiologist is.
The jobs that are left for humans are low-value jobs and will be pushed down even more as more and more humans become available to the job market because technology renders them useless in other situations.