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Washington: Web startups pose risk to job numbers on both sides of Atlantic.

In past centuries, Western technological revolutions created a lot more jobs than they destroyed, but that doesn't seem to be happening with computerization.... There's a new breed of Internet company on the loose: they grow like weeds, serve millions of customers a day and operate globally. And they have very, very few employees.

Look at YouTube, the video network. When it was bought by Google in 2006, for more than $1 billion, it was one of the most popular and fastest-growing sites on the Net, broadcasting more than 100 million clips a day. Yet it employed a grand total of 60 people. Compare that to a traditional TV network like CBS, which has more than 23,000 employees.

Or look at Skype, the Internet telephone company [founded in Estonia]. When eBay acquired it, also in 2006, it had already signed up 53 million users--more than twice the number of phone customers served by venerable British Telecom. Yet Skype employed just 200 people, about 90,000 fewer than British Telecom had in the United Kingdom alone.

Nicholas Carr, National Public Radio's "Marketplace", January 14, 2008
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Title Annotation:KIOSQUE: Global highlights and local sidelights culled from the media
Author:Carr, Nicholas
Publication:European Affairs
Article Type:Brief article
Geographic Code:1USA
Date:Jan 1, 2008
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