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September 30, 2013

One-In-Three Jobs in the EU Dependent on IP-Intensive Industries

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According to a study released today by the European Patent Office (EPO), one-in-three jobs in the EU is dependent on the IP-intensive industries.

It’s a 144-page study, available here as a PDF. The press release is available here.

Carried out jointly by the Office for Harmonization in the Internal Market (OHIM) acting through the EU Observatory on Infringements of Intellectual Property Rights and the European Patent Office (EPO), the study finds that about 40% of total economic activity in the EU (some €4.7 trillion annually) is generated by IPR-intensive industries, and approximately 35% of all employment in the EU (77 million jobs) stems from such industries that have a higher than average use of IP rights. The report also finds that average remuneration in IPR-intensive industries is more than 40% higher than in other industries. 

Of course, this is no great surprise to those of us who understand that the modern, knowledge-based economies of the developed nations are very much dependent on their ability to imagine, create, and innovate, and then crucially to monetize those creations into economic activity.

And it’s completely consistent with what has been found by others who did similar such research with an honest look at the data, as opposed to those who set out intentionally to argue against IP protection.

Now, of course, we await the study by CCIA that claims that twelve-in-three jobs in the EU are dependent on fair use.

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