April 1997 One Million Jobs Created by the Internet in '96

An estimated 1.1 million jobs worldwide were created by the Internet in 1996, according to the Global Internet Project (http://www.gip.org), a group of senior executives from some of the leading Internet software, telecommunications and e-comm companies worldwide. Commissioned by the GIP, investment bankers Takuma Amano and Robert Blohm derived the number of jobs created by the Internet from a calculation that extrapolated from last year's growth in U.S. Internet, software, computer, chip, telecommunications and equipment companies' market capitalization and employment.

Amano and Blohm have also estimated value creation due to Internet market expansion to be in excess of $200 billion, a number that reflects the sum-total stock market capitalization of all of the publicly-traded Internet companies.

The GIP has also published a white paper, "The Emergence of a Networked World," examining the impact of the Internet upon commerce and society.