POST Online Media Lite Edition



 

One high-tech job creates more than four non-high tech jobs

Staff writer |
The high-tech sector has remained stable during the financial crisis with 19% higher wages and an unemployment rate consistently below 4%, according to a study by the Belgian university KU Leuven (KUL).

Article continues below






The high technology business has grown two and a half times more than all other job sectors since 2000, says the study, High-technology employment in the European Union.

Professor Maarten Goos, one of the authors, said at a conference organised by the economic think tank Bruegel that it was key for EU governments and institutions to pursue job creation, invest in high-tech skills and share knowledge across European regions in that sector. The authors also stressed the importance of the “spillover effect” of high-tech jobs to other economic sectors.

The study defines high-tech jobs as "those involved in the production of high-tech goods and services or otherwise engaged in highly technical activities in other industries", including "those employed in science, technology, engineering and math (also known as STEM occupations) in non-high tech industries."

"We estimate that the creation of one high-tech job in a local economy creates more than four additional non-high tech jobs in the same region, this includes workers across the skill spectrum, such as lawyers, physicians, waiters, taxi drivers, schoolteachers..."


What to read next

U.S. tech industry employment surpasses 6.7 million workers
Record-breaking employment and wages benefit British Columbia tech workers
UK tech sector records excellent growth performance