Job flows between multiplant firms constitute less than 60 percent of the total job flows among the establishments of those firms. The share of job flows between firms declines as the number of plants owned by a firm increases. Excess reallocation, jobs created or destroyed in excess of what is needed to achieve the observed change in a sector s employment, is remarkably small among large firms. Schuh and Triest conclude their paper by confirming that the labor market is in constant flux. Among smaller firms, this flux is characterized by very high rates of job creation and destruction, and is more often due to plant startups and shutdowns.
Larger firms have lower rates of job creation and destruction.
The Internet Economy directly supported about 2.5 million workers in 1999, according to a study by the University of Texas at Austin s Center for Research in Electronic Commerce. This represented an increase of about 650,000 jobs compared with 1998 a hefty 36-percent growth. Also, some Internet Economy jobs are newly created positions arising from the growth of the Internet itself, while others are created because firms have shifted workers to take advantage of expanded Internet-related opportunities. Revenues also soared for Internet Economy companies in 1999. The study of the Internet Economy appeared, of course, on the World Wide Web.