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accompanying technological change additional skilled workers agnostic airline ASTEC reports BLMR changes in relative changes in technology complex consequences of technological conventional aggregate demand conventional macro cost reduction dislocation economic economists economy's skill endowment effects of technological employment consequences employment effect employment impact employment level employment loss employment outcome equilibrium expansion path OZ factor inputs factors of production figure l(ii full employment illustrate impact of technological increase in employment industry involves isocline OZ isoquant corresponding labour market labour-saving technological change magnitude micro microelectronic multiplier effects Myers and ASTEC NOTIONAL JOB LOSS offset PARABOLAS position potential process of technological product demand curve production function productivity improvement productivity-enhancing relations of production relative factor prices relative input proportions scale and multiplier scale effects scale of output skill endowment point structural unemployment Technical Papers technical relations technological unemployment technologically-induced unemployment terminological preliminaries types of labour units of labour unskilled labour unskilled workers variety of factors