According to a report published by the Institute for Policy Innovation (IPI), global piracy of motion pictures, sound recordings, business software and entertainment software/video games, causes the U.S. economy to lose about $58 billion in total output on a per-year-basis.
Without piracy, IPI estimates that there would be 373,375 more jobs in the U.S.: 123,814 jobs could be added in the copyright industries and downstream retail industries and 249,561 jobs could be added in industries in support of the copyright industries. Also, the report states that American workers lose $16.3 billion in earnings annually, and governments lose about $2.6 billion in tax revenues.
The actual potential lost revenues in above mentioned industries are estimated at $16.9 billion for the year 2005. Broken down into geographical regions, the Asia/Pacific impact is estimated at $6.1 billion, Europe comes in second at $5.8 billion, followed by the Americas at $4.0 billion and Africa and Middle East at $871 million.
The question in this study, as in every other piracy estimate, is whether the value assumptions made within the study could be accurate. The IPI does not assume that every pirated file translates into a lost sale and the authors state they made “conservative” adjustments to those numbers to come up with a “conservative estimate.”
Without piracy, IPI estimates that there would be 373,375 more jobs in the U.S.: 123,814 jobs could be added in the copyright industries and downstream retail industries and 249,561 jobs could be added in industries in support of the copyright industries. Also, the report states that American workers lose $16.3 billion in earnings annually, and governments lose about $2.6 billion in tax revenues.
The actual potential lost revenues in above mentioned industries are estimated at $16.9 billion for the year 2005. Broken down into geographical regions, the Asia/Pacific impact is estimated at $6.1 billion, Europe comes in second at $5.8 billion, followed by the Americas at $4.0 billion and Africa and Middle East at $871 million.
The question in this study, as in every other piracy estimate, is whether the value assumptions made within the study could be accurate. The IPI does not assume that every pirated file translates into a lost sale and the authors state they made “conservative” adjustments to those numbers to come up with a “conservative estimate.”