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THE ECONOMY & YOU # (Daily Updated Videos & Articles)
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RoXY |
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How Much Do Music and Movie Piracy Really Hurt the U.S. Economy?Kal Raustiala and Chris Sprigman 01/12/2012 Supporters of stronger intellectual property enforcement — such as those behind the proposed new Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA) bills in Congress — argue that online piracy is a huge problem, one which costs the U.S. economy between $200 and $250 billion per year, and is responsible for the loss of 750,000 American jobs. These numbers seem truly dire: a $250 billion per year loss would be almost $800 for every man, woman, and child in America. And 750,000 jobs – that’s twice the number of those employed in the entire motion picture industry in 2010. CONTINUE: [link to www.freakonomics.com]
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