Video games help U.S. economy
Monday, August 23rd, 2010Video games have come a long way since Pong, Pac Man and Space Invaders. Video games have added $ 5 billion to the economy as shown in a study called "Video Games within the 21st Century: The 2010 Report," for Entertainment Software that was done by Economists Incorporated. Annual growth for the industry went up 10 percent between 2005 and 2009, or seven times the growth of the U.S. economy alone.
Jobs made possible because of video games
Michael Gallagher, CEO of ESA, explained that job creation has grown at a "rapid pace.” It is also making "an essential contribution to our nation's economy while stimulating technological innovations and expanding the impact of games on our daily lives." The survey shows us that 32,000 have jobs with video games usually with an average salary of $ 89,781. Video games have made it possible for numerous in the U.S. to get jobs.
California does it all
California is the largest employer of video game industry workers. It provided more than$ 2.6 billion in direct and indirect compensation to its employees in 2009. The state got about $ 2.1 billion in just revenue.
The next two states to follow are Texas and Washington. Virginia had a large expansion with a 77 percent increase between 2005 and 2009.
Why entertainment is so valuable
Families tend to buy less entertainment things in a recession. Video gaming may seem costly on the surface – consoles cost from $ 200 to $ 500, and PCs cost even more. Games range from $ 20 to $ 60, depending upon their popularity, age, format, etc. Since movie prices have gone up, seems like like video games could be better considering one can spend between 40 and 100 hours playing most of the games bought. Hand-eye coordination gets much better along with development when using video games. The video game industry has had a good effect. The U.S. economy is feeling it.
Find more information on this subject
Theesa
theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf
Washington State Lt. Gov. Brad Owen knows 'Pong'
youtube.com/watch?v=M-b9wEww9MA
