The Exponential Speed of Technology Change and the impact on Jobs by Terry J. Toomey MBA
Estimating the speed of Technological changes
“The Speed of change is exponential: The amount of technological advancement that occurred in the year 2000 occurs every 1 hour and 6 minutes in 2013, and will occur every 30 seconds in 2020.”
Source: www.theemergingfuture.com Speed-Technological-Advancement.pdf
As technology changes, whole industries will change. Jobs will be lost and jobs will be created. The mismatch between when communities begin to recruit new technology industries into their cities/towns will reflect how long the community suffers. The current market driven model is Read More..