My coursemate Simon and I were talking about a really brilliant idea he had for a new business, and I had the thought: does disruptive technology necessarily mean the loss of certain jobs? I’m thinking of Uber and taxis, AirBNB and hotels, Amazon and Borders/Barnes and Noble, Facebook and MySpace, cars and horses and trains. If a new technology comes along and disrupts a sector of the economy, does that necessarily mean that some people – not all, but some – will have to change and adapt or face becoming extinct? Or can disruptive technology act in a way that allows these jobs to change in small ways?
Does disruptive technology mean a loss of jobs?