Report: Tech sector supports 18m US jobs

[Yo_Mama_Been_Loggin]

Every job created in the US consumer technology sector supports almost three non-tech jobs throughout the rest of the American economy – an employment multiplier of 3.59 – according to findings from the Consumer Technology Association (CTA).

The report, U.S. Economic Contribution of the Consumer Technology Sector , says the consumer tech sector directly and indirectly supports 18.2 million American jobs, provides $1.3 trillion in annual wages, contributes $503 billion in annual taxes and adds $2.3 trillion to the nation’s economy – representing almost 12 per cent of US GDP. The consumer technology sector’s indirect economic impact accounts for companies buying goods and services from other US industries, which drives economic activity in those sectors and their supply chains.

“Even accounting for the booming growth the US economy enjoyed before 2016 – when we released our previous economic study – our industry is still delivering 19 per cent jobs impact growth and 22 per cent growth in overall economic impact since then,” said Gary Shapiro, president and CEO, CTA. “That’s proof the US tech sector is an essential driver of our nation’s economy. And the effects go beyond just the products our industry sells – we drive productivity for virtually every sector of the economy.”

In 2017, consumer technology content and services, manufacturing and distribution directly and indirectly supported at least 100,000 jobs in 34 states and nine congressional districts. California alone had over three million jobs directly and indirectly attributable to consumer tech; and Texas, Florida and New York each had over one million jobs attributable to consumer tech, many of which derive from consumer tech exports. California, Oregon, Massachusetts, Colorado and Georgia have the largest shares of their economies supported by the consumer tech sector.

https://advanced-television.com/2019/04/30/report-tech-sector-supports-18m-us-jobs/

But what about clean beautiful coal? - Donald J. Trump

[riverine]

1. Tech jobs replaced millions of manufacturing jobs.

For example - order entry. Orders used to be keyed in by people.

Now they are sent through Electronic Data Interchange without people. This is why millions of manufacturing jobs left - not NAFTA.