This report is an updated look at our 2012 publication titled Technology Works: High-Tech Employment and Wages in the United States, a first-of-its-kind look at high-technology sector employment, wages, and the ripple effect the sector has on job creation in local metros. Given the high-tech’s importance to the U.S. economy, revisiting the so-called “local multiplier effect” is important to provide updated context to policymakers as they consider the growth of the high tech sector.
Local Multipliers in the High-Technology Sector
In 2012, the Economic Institute published Technology Works: High-Tech Employment and Wages in the United States, a first-of-its-kind look at high-technology sector employment, wages, and the ripple effect the sector has on job creation in local metros. In the 10 years that have passed since publication, high-tech firms have grown to become some of the largest in the world and expanded to metros across the country, while providing a greater diversity of services than ever before. Given the high-tech’s importance to the U.S. economy, revisiting the so-called “local multiplier effect” is important to provide updated context to policymakers as they consider the growth of the high tech sector.
