The Web is a job creator, not killer

Consulting group McKinsey has released a study that attempts to dispel the notion that internet services have an adverse impact on employment levels.

McKinsey's Global Institute report was produced for release at the “e-G8” summit in Paris, where internet big wigs met with political leaders to discuss the future of the web on Wednesday.

According to a McKinsey, the internet today accounts for 3.4 percent of gross domestic product (GDP) across G8 member countries, but will account for 21 percent in five years.

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