Internet Employment Up 13 Percent Since Recession Began
Employment in Internet companies is up 13 percent since the recession officially started in December 2007.
Internet Industry Boosts Employment
The Internet industry – which includes Google and Facebook – has boosted employment by 3.1 percent over a six month period ending in April 2010.
Software Acts As Job Leader During 1990-91 Recession
In the recession of 1990-91, software was a job leader, with software firms adding jobs in seven out of eight months of the downturn.
Job Loss In Innovative Sector
The 2.4 million shortfall in innovative sector jobs from 2000 to 2007, relative to projections, was a major contributor to the pre-bust economic weakness.
Taken together, the companies in innovative industries do roughly 75 percent of all the business in research and development, according to new data from the National Science Foundation. They also employ almost 70 percent of all R&D personnel.
Innovative Sector Loses 700,000 Jobs From 2000-2007
In 2001, Bureau of Labor Statistics published projections implying that the innovative sector would create 1.7 million net new jobs by 2007. But the innovative sector actually lost almost 700,000 jobs from 2000 to 2007.
Home Broadband Service Generates Consumer Benefits
Home broadband service generates consumer benefits of some $30 billion per-year.
Nearly Four Billion Jobs Are Dependent on the Internet Resulting in Up to $370 Billion in Salaries and Wages
Using an estimate from the Interactive Advertising Bureau that each Internet job drives at least 1.54 additional jobs within the economy, a total of 2.8 to 3.7 million jobs are dependent on the Internet currently. This drives direct and indirect salaries and wages of approximately $285 to $370 billion.
Net Neutrality Could Result in the Loss of 70,000 Jobs by 2011
Assuming a best case scenario, with minimal regulatory impact, net neutrality could still impose a $7 billion a year overhead on the economy by 2011, translating into the loss of up to 70,000 jobs.
For every 3 million new broadband lines deployed, nearly 300,000 economy-wide jobs are created.