Technological change will contribute significantly to growth in employment opportunities and wages. However, workers in specific occupations and industries may have to move among jobs and careers. Slow adoption by U.S. firms of productivity-increasing technologies is likely to cause more job displacement than their rapid adoption. New technologies are not likely to change the level of job-related skills required for the labor force as a whole. Technological change will not limit employment opportunities for individuals entering the labor force with strong basic skills. The evidence suggests that (1) displaced workers who receive substantial advance notice of permanent job loss experience shorter periods of unemployment, (2) Title III of the Job Training Partnership Act does not serve the needs of many displaced workers, and (3) displaced worker adjustment assistance programs reduce the duration of unemployment and result in higher wages in new jobs. Recommendations emphasize three broad initiatives in public and private sector policies: public policies to aid worker adjustment to technological change, public policies to support the development and application of advanced technologies, and improvements in labor-management cooperation in the adoption of new technologies, as well as improvements in private managers' expertise in evaluating and implementing new technologies. (YLB)