The Democratic Leadership Council has released a new report on job growth in America. Entitled “Where Jobs Come From: The Role of Innovation, Investment, and Infrastructure in Economic and Job Growth,” it helps shed light on the important role broadband expansion plays in creating new jobs. From page 11 of the report:
Job creation was also strongest in the industries that utilized information technology and had the most to gain from faster Internet connectivity. Industries such as Information; Finance and Insurance; Professional, Scientific, and Technical Services; and Utilities saw employment growth ranging from 12 to 16 percent. Given this evidence, there is enormous potential for job creation if we expand broadband deployment and upgrade existing infrastructure. A Brookings study found that for every 3 million new lines deployed, nearly 300,000 economy-wide jobs are created. Separate research has shown small businesses, the drivers of job creation and biggest beneficiaries of faster networks, hire 40 percent of the high tech workforce of scientists, engineers, and computer programmers.