Exploring the Effects of Digitization on Employment and Wages in the American Printing Industry 2002-2021
Information and Communication Technologies (ICTs) have forced long-established businesses to adapt to innovations. Most changes have emerged from the digitization of products and services. In the United States (U.S.), the printing industry has faced enormous challenges ranging from shifting mark...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Indonesia
2024-01-01
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| Series: | International Journal of Technology |
| Subjects: | |
| Online Access: | https://ijtech.eng.ui.ac.id/article/view/5720 |
| Summary: | Information and Communication
Technologies (ICTs) have forced long-established businesses to adapt to
innovations. Most changes have emerged from the digitization of products and
services. In the United States (U.S.), the printing industry has faced enormous
challenges ranging from shifting markets to declining sales. As a result,
several jobs have become redundant. We argue that the digitization phenomenon
can be ascribed to the Schumpeterian paradigm of creative destruction. This
study measures digitization’s impact on employment and wages in the U.S.
printing industry from 2002 to 2021. We conduct an exploratory statistical
analysis to verify whether the printing industry has experienced any impact on
employment and wages compared to the American national trend. We draw on the
United States Bureau of Labor Statistics Occupational Employment and Wage
Statistics (OEWS) Survey to analyze historical employment and wage figures
between 2002 and 2021. Empirical evidence suggests that the U.S. printing
industry has experienced a substantial reduction in its workforce, with wages
also suffering lower rises than the rest of the economy. The importance of this
article rests in its contribution to the analysis of the economics of
innovation by considering the impact of new technologies on employment in
traditional activities, while other works concentrate mainly on new sectors. |
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| ISSN: | 2086-9614 2087-2100 |