Dr. Tom McDonnell:

Jobs will be lost in those sectors, but this will be outweighed by the overall level of job creation in the economy as a whole. There will be fewer of those types of jobs. The workers who do them jobs might not necessarily have the skills that are required for the new jobs. One of the reasons we are seeing employment growth is because our population is increasing. That, in itself, accounts for some of new job creation. It is important to bear that in mind, particularly when people say that everything will be fine and that we will still have employment growth.