If you are a Star Trek movie fan (the James. T. Kirk era) the answer is Genesis. At least that is what Dr. McCoy said in Star Trek: The Wrath of Khan. However, for this post the answer is change.
This article (link is below) caught my attention. It is an article about 49 companies Amazon may drive out of business. My thanks to Kiplinger for this insightful analysis. I went through the list and thought about how I knew and 26 of the firms on the following list. That represents 53.1 percent of the companies.
That is mind boggling to me. So in my life, 53 percent of services I used or stores I patronized could cease to exist. It is so hard to believe.
I think it is yet another example (or 49 to be exact) of the pace of change and that it is constant. It makes no difference if you like it or not, it will happen. If you accept that change is inevitable (and I do), then you should also consider not all change is good. How many times have you seen people change something about themselves? I leave this to your imagination.
Perhaps equally important, change creates and destroys. By this I mean change brings about innovation and progress, and leaves behind destruction and legacies.
In economic development the change that so many store front businesses may close or cease operations, we must ask what is next. Some localities are innovative with excess space, some developers buy an abandoned mall and convert it to new use or uses, and some dynamic regions fill the space quickly with new tenants. And finally, some space just stays vacant and eventually decays.
Along the same vein, thousands of jobs will be eliminated, but not the people. How can we better find gainful employment for these individuals? Are our training programs aligned with the current economy?
As you can see, I do not have any answers. I do this, we must accept change. Indeed we must embrace it. But we must also look for creative ways to manage change and the destruction that is often left in its wake.
The list of companies:
https://www.kiplinger.com/slideshow/investing/T052-S001-49-companies-amazon-could-destroy-1-already-has/index.html
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