The jobs impact of a telecommunications investment

AT&T and T-Mobile claim that AT&T's purchase will result in an $8 billion net increase in AT&T’s investment in its domestic wireless infrastructure over seven years. Given Economic Policy Institute's job impact analysis, a plausible range of impact would be between 55,000 and 96,000 job-years. To reiterate, the jobs estimate includes both direct jobs within the primary industries that meet the additional demand for goods and services and supplier jobs in the secondary industries that supply those primary industries with intermediate goods and services. The estimate also includes “induced jobs” created as incomes earned by newly hired workers are spent back into the economy. The figures are again listed as job-years, which refer to a job held for a single year.