{"id":138,"date":"2017-07-27T17:24:34","date_gmt":"2017-07-27T21:24:34","guid":{"rendered":"https:\/\/digital.hbs.edu\/platform-fgi\/?post_type=hck-submission&p=138"},"modified":"2017-10-18T12:57:17","modified_gmt":"2017-10-18T16:57:17","slug":"9-will-market-creating-innovations-continue-creating-jobs","status":"publish","type":"hck-submission","link":"https:\/\/d3.harvard.edu\/platform-fgi\/submission\/9-will-market-creating-innovations-continue-creating-jobs\/","title":{"rendered":"9. Will Market-Creating Innovations Continue Creating Jobs?"},"content":{"rendered":"

Please review this graph<\/a>.<\/h2>\n

One of the questions we\u2019ve been exploring the most intensively is \u201cWhy do market-creating innovations create the most jobs?\u201d, and we think we\u2019ve come up with the answer.\u00a0 This is a tangled subject area\u2014a lot of the research that is done here is sponsored by companies, politically-motivated (especially now!), and kind of imprecise, but bear with us:<\/p>\n

As we lay out in our original article, different types of innovation have very different impact on job creation, as well as on economic growth.\u00a0 Efficiency innovations destroy jobs; performance-improving innovations create jobs, but only marginally, due to their substitutive nature; leaving market-creating innovations to do the heavy lifting of job creation.\u00a0 And they do, in four ways, as we depict in the chart at the top of this thread.\u00a0 Think of a market-creating innovation like a stone thrown into a pond, with employment effects emanating out like ripples from that stone, each larger than the last.\u00a0 So, from smallest to largest:<\/p>\n