In the Age of Big Data, the American Information Sector Stays Small

IT-enabled information jobs deliver tremendous scale, leverage, and productivity gains. We wouldn't want 100,000s of people manually and inefficiently looking up search terms on the Internet or connecting people with their friends. That's why Google and Facebook need only relatively small staffs to produce enormous value for society.

In other words, we shouldn't judge the impact of the information sector on the number of jobs in the specific information sector as its impact on the employment landscape touches many other traditional industries.