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I've only skim read so I'm not sure if its been pointed out already but from a purely self centred perspective having a strong social network will help you find employment.
Most jobs arent advertised at all, so the only way you'll hear about them is through connections and those connections (assuming you've got a good reputation) will recomend you for jobs.
Having contacts is a hell of alot easier than trying to impress people with your resume, covering letter and depending on your career portfolio.
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