The Internet has fast become a powerful platform for commerce and communication, with a vast majority of Americans connecting routinely and clamoring for next generation innovations. The growth accompanying this technological supply and demand chain has been profound, and so too have its impacts on the U.S. economy and innovation.
According to a recent U.S. News & World Report piece(link is external), businesses directly involved with the Internet generated an estimated $966 billion in 2014, accounting for 6 percent of the U.S. economy. Meanwhile, employment in the Internet sector has doubled since 2007, approaching three million total jobs. And, these jobs are comparatively higher paying than many industries, with employees earning an average of $79,184 compared to the national average of $61,547.
It’s also important to note, that the Internet sector is vast. This study focused on more than two-dozen Internet firms, including Amazon, Facebook, Twitter, Uber and others. Industries from telecommunications carriers to data-focused organizations are a key part of the Internet and Information, Communications Technology (ICT) ecosystems, delivering significant economic value and high-paying jobs as well.
Contact me at tduggan(@)Cogentco.com at Cogent for more Info or to Network. Cogent delivers customers with Highly Reliable, Secure and Scalable IP Networks. With 700 POP Data Center locations, over 200 markets throughout 41 countries in North America, Europe and
Asia, with over 60,000 route miles of long-haul fiber.