Does innovation create or destroy jobs?

I found this interesting piece on the decline of print media jobs being replaced by social media jobs.

It asks whether or not innovation create or destroy jobs?

The rush of new ideas and new technologies can turn formerly rock-solid companies into sand that melts away even as we watch.  The sale of the Washington Post is a case in point. By making that deal,  the Graham family is acknowledging that they could not see a good strategy for survival.

We know what will happen next: Fewer journalists will be working at the Post a year from now than today.  The Grahams allowed the operation to run mammoth losses which Jeff Bezos, rich as he is, will not tolerate.  Many people will suffer.

But remember this: Old industries can decline even as new jobs growth. In fact, the field of journalism is going through a massive innovative spurt that is creating jobs even as others are being destroyed. About a month ago I did a post on exactly this subject, where I looked at unpublished BLS data and help-wanted data from The Conference Board.  Here’s what I found:

  • Employment at newspapers is  down about 5% over the past year.
  • The number of help-wanted ads for “news analysts, reporters, and correspondents” is up 15% compared to a year ago.
  • More people are telling the BLS that they are working as a news analyst, reporter, or correspondent compared to a year ago.
  • Roughly half the want-ads for news analysts, reporters and correspondents contain the words ‘digital’, ‘internet’, ‘online’, or ‘mobile’. 

printjournalism

[T]here seems little doubt that technology and innovation in journalism is creating new jobs in different industries even as the old companies and old industries are being undermined. I’m pretty sure that jobs at Politico are not being reported not in the same industry as jobs at the Washington Post, even if Politico hires a WaPo reporter to cover more or less the same things.

As innovation accelerates, we’ll see more examples of this kind of divergence: Declining old industries, growing new jobs.  Our task is to identify where the new jobs are and encourage them.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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