Video store clerks are going the way of the dinosaur—and not the ones in Jurassic Park.This, of course, is not a bad thing. Netflix and Redbox are better options.
U.S. employers have added more than 13.8 million jobs since the labor market bottomed out in February 2010. But that steady growth has been uneven across sectors, underscoring the churn and displacement typical of a dynamic economy.
Indeed, a handful of industries have seen jobs collapse in recent years, perhaps none more completely than the video store. A fixture of the 1990s, the shops were done in by competition and changing technology, first from Netflix’s mail-order model and then by online streaming and video kiosks like Redbox.
The result? Employment in video tape and disc rental is down by almost 93% since its 1999 peak.
Life is about change. The structure of an economy is continually changing. Jobs disappear in some sectors, resulting in workers having to move to other job.,
In a free market economy, there are always other job opportunities, We are never free from all want---thus, there is work to do.
And, certainly, if a person looking for work, couldn't find work, he would be far from being free from want. Thus, there is an internal contradiction in the idea that the loss of one job means the loss of all opportunities for work.