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Report Shows How High-Tech Jobs are Transforming the .S. Economy
Credit: WRAL techwire
Startup community advocacy group Engine Advocacy has teamed up with the Bay Area Economic Council to produce a report that suggests the high-tech sector is responsible for outsized positive economic influence across the United States.
In short, the report, "Technology Works: High Tech Employment and Wages in the United States," shows that high-tech jobs create three times as many jobs as manufacturing jobs, thanks to a "multiplier effect." That's in part thanks to a spin-off effect in which the high-paid tech workers help generate more service jobs.
The report also finds that workers in high-tech industries and STEM (science, technology, engineering, and math) occupations earn between 17 and 27 percent more than workers in other fields, even after adjusting for factors such as education level, citizenship status, and age.
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