Tech Innovation Historically Creates More Jobs Than It Destroys, But Retraining May Be Needed

Spreadsheets like Excel eliminated some bookkeeping jobs, but led to more accountants and financial managers overall.

ATMs were predicted to eliminate bank teller jobs, but instead led to more branches and tellers.

Past innovations created some job losses, but increased productivity and new services led to net job growth.

Those who lose jobs to AI need help transitioning to new careers through retraining.

Historical examples show tech innovation tends to be a net job creator, though specific jobs may be lost.