Economic News 1983

1983 November
Richard W. Riche, Daniel E. Hecker & John U. Burgan _Monthly Labor Review_
High technology today and tomorrow: A small slice of the employment pie
"High tech industries are expected to provide only a small proportion of the jobs created between 1982 and 1995, under 3 concepts which embrace from 6 to 48 industries...   Employment in high tech industries increased faster than average industry growth during the 1972-82 period.   High tech industries accounted for a relatively small proportion of all new, jobs nationwide, but provided a significant proportion of new jobs in some States and communities.   About 6 out of 10 high tech jobs are located in the 10 most populous States.   States with relatively high proportions of employment in high tech industries are generally small; most are in the Northeast.   Through 1995, employment in high tech industries is projected to grow somewhat faster than in the economy as a whole.   High tech industries, even broadly defined, will account for only a small proportion of new jobs through 1995.   Scientific and technical workers, while critical to the growth of industry and the economy, will account for only 6% of all new jobs through 1995...   Michael Boretsky, uses the 2 measures frequently employed in examining high technology: R&D expenditures as a percentage of industry value added, and industry employment of scientists, engineers, and technicians as a proportion of the industry work force...   We defined scientific and technical workers as engineers, life and physical scientists, mathematical specialists, engineering and science technicians and computer specialists .   We refer to these workers as technology-oriented workers.   We excluded government, colleges, and universities...   Group I accounted for 15.3% of new wage and salary jobs, group 11, 4.7%, and group III, 7.9% [between 1972 & 1982]...   Although for the Nation as a whole, high technology industries generated only between 4.7% and 15.3% of the new jobs in the United States during 1972-1982, several states showed greater growth."
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