Facebook: Creating Jobs In The U.S.
Apart from giving the world a virtual soapbox to stand on whenever one pleases, social networks have really had a hand in contributing a lot of positive attributes to the day-to-day web surfer. Social media has established itself as one of the primary sources for news; can it be said that social networking has contributed to job creation as well?
According to a study done by the Robert H. Smith School of Business at the University of Maryland, the many third-party companies that rely on Facebook and its unique social network platform have created jobs for between 182,000 and 235,644 people. The average salary estimates say that the contribution is between $12.19 billion and $15.71 billion in wages and benefits to the U.S. economy.
What is the value of these third party companies to Facebook?
These companies are responsible for all of the Facebook apps and games that many users are increasingly addicted to. The more that users use these apps, the more Facebook will increase its revenues from advertising. The most important note not to be overlooked here is that Facebook funds all of this.
It cannot be doubted that Facebook has had a more than positive impact on employment in the U.S. These numbers are believed to be conservative estimates; the real number can actually be much higher.
The market for Facebook apps has been directly responsible for an estimated 53,000 jobs in U.S. based software companies. Of course these apps need designers which have created as many as an additional 183,000 jobs.
The job creation is just what U.S. households need to increase spending to help stimulate the nation’s sagging economy.
The job creation that Facebook has directly and indirectly been responsible for makes one wonder exactly how many jobs other social networks have created, moreover, how many jobs will the up and comer Google + create?
There is a saying out there that says “no good can come from Facebook.”
In an economic arena where unemployment claims have soared to well over 428,000, that saying might not hold much weight.