This looks different at different scales. On an individual level, it's being passed over for promotion because the blowhard in the next cube has this great idea for how to apply deep learning, or losing out on a job to the college kid who's up-to-date in Solidity and React while you still work in VB.NET and SQL Server. On a company level, it's going bankrupt because some new startup offers critical new features at 1/10th the price. On a societal level, it's being conquered by other societies that have adopted the new technologies at the cost of the social turmoil and then choose to inflict it upon you. Each attempt to stop the turmoil by fiat just escalates it up a level: if you declare you're never laying people off, your company goes bankrupt, while if you declare that nobody is allowed to innovate your society collapses. (Either from within, where your people look at the technologies other societies enjoy and say "We want that", or from outside, where an invading army lands on your shores and kills you all.)

Americans are particularly blind to this dynamic on the societal level because we're usually the ones inflicting it upon others. "Manifest destiny" was all about inflicting progress upon the Native Americans who didn't want it, while the Cold War & fight against Communism was about a richer, more powerful empire inflicting the way of life that made us richer & more powerful at the expense of social stability on stagnant, poorer, but in-theory more egalitarian and stable societies.