Cloud To Create 14 Million Jobs? Not So Much

jfruh writes "Did you hear about the study from Microsoft and IDC (PDF), declaring that adoption of cloud technologies would create 14 million jobs? Well, don't believe the hype. The study posts that, once small and medium business can use cloud products to just eliminate their IT department, they'll use those savings to hire people for their core business. It's a dubious proposition, and one that wouldn't be good news for IT workers even if things do play out that way."