IT Services May Produce Multiplier Effect
Some people may view the recent success of the high-tech sector and think only tech professionals and IT service companies are at an advantage. However, according to the San Francisco Chronicle, workers both inside and outside IT may be benefiting from the sector's success.
"Lots of people who are not in high tech see the growth of tech as a threat rather than an opportunity," Enrico Moretti, an economics professor at the University of California, Berkeley, recently told the news source.
A recent report by the Bay Area Council Economic Institute found that IT jobs and services could have a "multiplier effect," as every high-tech position in the area produced an additional 4.3 jobs. Traditional manufacturing positions, on the other hand, create an additional 1.4 jobs.
A separate study by Gartner predicted that big data will produce 4.4 million IT jobs worldwide by 2015, including 1.9 million jobs in the United States. Peter Sondergaard, senior vice president at Gartner, said that every big data-related position "will create employment for three people outside of IT" – which means big data could create 6 million jobs total in the U.S. over the next four years.