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Blockbuster Video Sign

Old Jobs Go Away, New Ones Emerge – That’s Good

In 2004, there were 9,000 Blockbuster locations. Now there are none, except for a privately owned store that licenses the name. Some may see this as a lot of lost jobs. In fact, it represents greater opportunities – for both consumers and employees.

… It is the same trend that has allowed capitalism to generate wealth and growth for the past two centuries. How we earn our money changes over time, and it depends largely on how we spend it. We perform the jobs we do now to produce the goods and services that we want and need now, not in the ones we wanted in the past.

 

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