Tech Works Presentation

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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