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Tech Works

Tech Works

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Published by Bennet Kelley
Economic impact of tech.
Economic impact of tech.

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Categories:Types, Research
Published by: Bennet Kelley on Apr 03, 2013
Copyright:Attribution Non-commercial

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04/03/2013

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High-Tech Employment andWages in the United States
A Bay Area Council Economic Institute Reportcommissioned by Engine AdvocacyDecember 2012
Technology Works:
Connecting business, labor,government and education
 
Page 2
A Bay Area Council Economic Institute Report | December 2012
 
Acknowledgments
This report was prepared for Engine Advocacy (www.engine.is)by the Bay Area Council Economic Institute.Ian Hathaway, Research Manager of the Economic Institute,authored the report. Patrick Kallerman of the EconomicInstitute provided research and analytical support.
Bay Area Council Economic Institute
201 California Street, Suite 1450, San Francisco, CA 94111www.bayareaeconomy.org | bacei@bayareacouncil.org
 
Page 3
High-Tech Employment and Wages in the United States
This study addresses an important question: how important is high-tech employment growth for the U.S. labor market? As it turns out, thedynamism of the U.S. high-tech companies matters not just to scientists,software engineers and stock holders, but to the community at large.While the average worker may never be employed by Google or a high-tech startup, our jobs are increasingly supported by the wealth created byinnovators. The reason is that high-tech companies generate a growingnumber of jobs outside high-tech in the communities where they arelocated. My research shows that attracting a scientist or a software engineerto a city triggers a multiplier effect, increasing employment and salariesfor those who provide local services. This study con
rms and extends this
nding using a broader de
nition of the high-tech sector. It is a usefulcontribution to our understanding of job creation in America today.- Enrico Moretti, Professor of Economics at the University of California, Berkeley and author of 
The New Geography of Jobs
    

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