The volume of layoffs quickly returned to pre-recession levels, so companies stopped shedding workers. But the number of new hires remained severely depressed. Companies brought new machines in, but not new people.
For example, a 2010 report published by the Federal Reserve Bank of Richmond, titled “The Rise in Long-Term Unemployment: Potential Causes and Implications,” does not contain the words computer, hardware, software, or technology in its text.
it’s because the pace of technological innovation has slowed down. We think it’s because the pace has sped up so much that it’s left a lot of people behind. Many workers, in short, are losing the race against the machine.
Digitization, in other words, is not a single project providing one-time benefits. Instead, it's an ongoing process of creative destruction; innovators use both new and established technologies to make deep changes at the level of the task, the job, the process, even the organization itself. And these changes build and feed on each other so that the possibilities offered really are constantly expanding.
Note: Maybe this is the change piece, change that opens up possibilities...