The Internet accounts for 5.1 million US jobs and 3.7% of GDP

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Submission + - The Internet accounts for 5.1 million US jobs and 3.7% of GDP

Submitted by

lpress

on Saturday October 06, 2012 @11:45AM

lpress writes: "A Harvard Business School study sponsored by the Interactive Advertising Bureau shows that the ad-supported Internet is responsible for 5.1 million jobs in the US — two million direct and 3.1 million indirect. They report that the Internet accounted for 3.7% of 2011 GDP.

The research, development and procurement that launched the Internet back in the 1970s and 1980s cost the US taxpayers $124.5 million at the time — not a bad investment!"

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