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Lost to technology advancement? Last time I checked, there were shitloads of travel agencies, retail outlets for consumer electronics, and newstands all over the city.

Everybody does not shop on Amazon and use AirBnB.




I realize that 'shitloads' is a imprecise measure but there are significantly fewer travel agencies today than there were 10 years ago (as an example). If you were to break it down into 'single propieter' / 'corporate agency' you would find that single proprietor agencies have been reduced dramatically.

For me the argument is convincing when technology changes the growth rate of a particular industry (in terms of jobs provided) to be negative.


If you recall, Circuit City vanished a few years ago after a several decades as a leading nationwide retailer. Part of this was surely caused by direct retail competition by Best Buy, Target, WalMart, but it would be reasonable to presume that at least a part of this was caused by technological advancement as well (it certainly couldn't have helped circuit city to have to compete with NewEgg and Amazon)


DIVX (http://en.wikipedia.org/wiki/DIVX) was another important catalyst that helped Circuit City to fail. If you're interested read the link but the short of it was that it cost Circuit City over $100 million not to mention that anyone that was into home theater basically refused to shop there after this fiasco.


Employment as a news stand operator != employment in newspaper industry.

On retail - http://en.wikipedia.org/wiki/List_of_defunct_retailers_of_th... do you honestly see more people selling HDTVs and BluRay players today than in 2001?




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