in many advanced economies. While process innovation can be job-destroying, product innovation can imply the emergence of … new firms, new sectors, and thus new jobs. But even for process innovation, the final impact on labor demand is shaped by … impede them. Policies should maximize the job-creation effect of product innovation and minimize the direct labor …

Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1-2% of the work … environment is receptive to innovation. In addition, policymakers need to prepare for the potential job losses that can occur in …