i3 Business Solutions accelerates business results by integrating intelligent information. Here’s a fascinating read about the impact of technology on productivity and jobs. Bad news: a recession is the shrinking of our economy (Gross Domestic Product – GDP) typically involving a loss of jobs. Good news: disruptive innovation typically involving technology accelerates our economy growing GDP and pulling us out of a recession. Bad news: this process doesn’t always add jobs quickly. That’s what’s happening right now in America.

Andy Kessler states in the February 17, 2011 Wall Street Journal, “So where the heck are all the jobs? Eight-hundred billion in stimulus and $2 trillion in dollar-printing and all we got were a lousy 36,000 jobs last month. That's not even enough to absorb population growth. The Bureau of Labor Statistics shows that in December some 4,184,000 workers (seasonally adjusted) were hired, and 4,162,000 were "separated" (i.e., laid off or quit). This turnover tells the story of our economy—especially if you focus on jobs lost as a clue to future job growth.”

Is Your Job an Endangered Species?

Technology is eating jobs—and not just obvious ones like toll takers and phone operators. Lawyers and doctors are at risk as well.

Technology marches on creating productivity in different areas of our economy. That’s the business i3 Business Solutions is in. We help organizations do more with less. We help improve productivity within organizations. We help organizations spend less money and make more money. Organizational leaders don’t really care about the technology. They just want to be more productive. Fear not: Kessler concludes, “Ultimately the economic growth created by new jobs always overwhelms the drag from jobs destroyed—if policy makers let it happen.”

The economy is heating up and we’re feeling it. We’re buried to swamped here at i3! I’m optimistic about 2011! Companies are screaming at i3, “Help me be more productive and profitable.”

We're answering that call in a timely and efficient manner.

Michael Ritsema
i3 Business Solutions, LLC

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Published with permission from TechAdvisory.org. Source.