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Few months ago, we told you about a presentation by Bay Area Economic Council, in association with the motor (I am a member of the steering committee, but it had nothing to do with it), showing that high-tech jobs have a high point of the economy. Unlike many other industries, jobs were increasingly - and contrary to what many believed, were not concentrated in one area but spread across the United States. In addition, their economic contribution tends to be significant. Basically: the technology industry is more important to our economy, and policy makers must be careful not to muck it. This week, the Bay Area Council Economic Institute, commissioned by the engine, turn off the full report on the subject, entitled Works High-tech employment and wages in U.S. (PDF) Tech once again highlights the importance and success of the technology industry. Some highlights:

• Since the fall of hit bottom dot-com at the beginning of 2004, employment growth in the high-tech sector has exceeded the growth of the private sector as a whole in a ratio of three a. Employment in high technology was also stronger in the recession and recent recovery, and in the last year. The unemployment rate of the labor force in high-tech sector has always been well below the rate of the nation as a whole, and the recent wage growth has been stronger.
• employment growth in stem job was solid throughout the last decade, exceeding the growth of employment in all occupations in a ratio of 1 to 27 between 2002 and 2011 . When combined with a very low and unemployment high wage growth, reflecting the strong demand for workers in these fields.

employment projections indicate that the demand for high-tech workers is higher than for workers outside the high-tech, at least until 2020. Employment in high-tech industries will grow by 16.2 percent between 2011 and 2020 and employment in STEM occupations is expected to increase 13.9 percent. It is expected that employment growth for the nation as a whole and 13.3 percent during the same period. workers in high-tech industries and STEM occupations earn substantial pay a premium of 17 to 27 percent compared to workers in other areas, even after adjusting for factors outside the industry or occupation that affect wages (such as level of education, citizenship status, age, ethnicity and geography, among others).

increased revenue generated by the industry of high technology and strong employment growth that supports are important contributors to regional economic development. This is illustrated by the local multiplier, which believes that the creation of employment in the high-tech region is associated with the creation of 4.3 additional jobs in the local product and service economy from the same region in the long term. This is more than three times the local multiplier for manufacturing, 1.4, is still quite high.


These are all important issues, but the biggest may be that covers technology works much these days. Not only "Silicon Valley" at all, but all kinds of jobs for all kinds of businesses. Tech is not an industry. Not just a job function. It
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