High-tech sector is important contributor to income generation and economic development   


A new study analyses high-tech employment and wage trends in the EU between 2000 and 2011.

The study covers workers in the high-technology industry and the workforce with science, technology, engineering and mathematics (STEM) skills in other sectors.

It shows that high-tech employment increased by 20% from 2000 to 2011, reaching 10% of total employment (or 22 million workers, 12 million of whom with STEM skills).

The study demonstrates the multiplier effect of these activities on local employment: every high-tech job leads to the creation of four other jobs at the local level.

Lastly, the report shows that high-tech workers are generally better paid than those in other sectors (average of 19% higher salary).

http://www.econ.kuleuven.be/VIVES/publicaties/discussionpapers/DP/dp2013/final-20131223-3rd.pdf


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