tech works presentation
TRANSCRIPT
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Technology Works:High-Tech Employment and Wages in the United States
IAN HATHAWAYMay 1, 2023
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MAJOR TAKEAWAYS• High-tech job growth has outpaced private-sector job growth
during regular intervals since the dot-com bottom in early 2004• High-tech employment is increasingly spreading into regions
that are geographically and economically diverse• Employment in STEM occupations has been much more robust
and resilient than have been jobs across all occupations• Employment projections indicate a continuation of these trends• Unemployment in the high-tech sector and STEM occupations
have been relatively low while wage growth has been strong• Even after accounting for factors outside of industry or
occupation that affect wages, high-tech and STEM workers earn 17%-27% more
• At 4.3, the “local multiplier” for high-tech is exceptionally large
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Thank You