Economist reports that video conferencing kinks are being worked out of both the experience and the business model. Corporations are getting on board. $1.75/minute on peak, $0.25 off peak? If it is being used “around the clock” as they say, average price would be only $0.50/minute or if only during business hours 40 hours/wk at $2/minute. Paying $3000 hard costs for four hours ($12.5/minute) of on site business meetings the past two days myself, I sure would like it if I could cut travel by 75%. The calculation is more extreme if you assign labor cost to travel. If you throw in my 16 hours of travel at $2/minute you get up to over $20/minute for these face-to-face meetings.