Internet creates 2.4 jobs for every job it destroys

The Internet, which has transformed the way we live, work, shop, socialise and now, is also emerging as a powerful catalyst for job creation, says a survey by global management consultancy McKinsey.
According to a report by McKinsey Global Institute, the Net has a sweeping impact on growth, prosperity and has "created 2.4 jobs for every job that it has destroyed".
"The Internet is a contributer to net job creation," McKinsey Global Institute said in its report, titled, ''Internet matters: The Net''s Sweeping Impact on Growth, Jobs and Prosperity''.
"While jobs have been destroyed by the emergence of Internet, many more have been created during the same period, including jobs directly linked to the Internet, such as software engineers and online marketers as well as more traditional jobs -- logistics to deliver online purchases," it added.
McKinsey further noted that notwithstanding the fact that some jobs have been destroyed by the emergence of the Internet, a detailed analysis of the French economy showed that while the Internet has destroyed 500,000 jobs over the past 15 years, it has created 1.2 million other jobs.
"A net addition of 700,000 jobs, or 2.4 jobs created for every job destroyed...," it said.
This result was also reflected in another McKinsey survey of more than 4,800 SMEs, which showed that 2.6 jobs were created for every one destroyed, confirming the Internet''s capacity to create jobs across all sectors
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Skype: a better match with Facebook than Google?

As two Internet powerhouses slug it out to tie the knot with Skype, Facebook looks likely to be a more aggressive suitor than Google, and the world's largest social network may make for a better fit.
Reuters reported Wednesday that Facebook and Google are separately weighing partnerships with Skype, the popular web video telephony service used by millions around the globe for communication.
Talks with Facebook and Google are still preliminary, but any deal could involve an outright takeout or a joint venture partnership, two sources told Reuters.
A deal involving Skype, which is readying for an IPO, could be valued at $3 billion to $4 billion, the first source said. Skype's public offering is expected to raise about $1 billion, several other sources said.
Analysts and technology observers are betting on Facebook, in the belief the two make better companions and that Skype completes Facebook by providing assets it does not have.
"It's not surprising to me that both these companies are interested," said Eric Jackson, founder and manager of the investment firm Ironfire Capital. "It's a much more valuable asset to Facebook than to Google."
Google already has voice chat and video capabilities, though Skype is a more robust product, said Rory Maher, an analyst with Hudson Square Research.

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