Tech Disrupting Market but Fueling Efficiency, Growth, New Jobs, Jamison Says

"Is tech destroying jobs? Absolutely! And we should be glad," said Mark Jamison, American Enterprise Institute visiting fellow and former member of the Trump FCC transition team. When businesses adopt technologies that lower costs or improve service, they improve efficiency and give consumers "more bang for their buck ... by definition economic growth," he blogged Monday. Technological change creates churn as old jobs disappear, and some may struggle, but it doesn't increase unemployment as "new tech creates new jobs," he said, citing Silicon Valley employing more than 1.3 million people in 2016, a 23 percent increase since 2010.