Video games all got to start out with things like Pac Man and Space Invaders. It is clear that there has been a leap in technology. According to a recent study conducted by Economists Incorporated for the trade association Entertainment Software Association entitled “Video Games within the 21st Century: The 2010 Report,” the video game industry contributed a robust $ 5 billion to the U.S. economy in 2009 alone. From 2005 to 2009, the video game industry’s annual growth has exceeded 10 percent, which is more than seven times the growth of the entire U.S. economy.
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 significant contribution to our nation’s economy while stimulating technological innovations and expanding the impact of games on our daily lives.” The video gaming industry regularly employs more than 32,000, and their average annual salary is $ 89,781, as outlined by the survey. Directly or indirectly, the video game industry employs more than 120,000 individuals within the United States.
California is the golden state for the industry
California is the largest employer of video game industry workers. In just 2009, $ 2.6 billion was given to direct and indirect employees for compensation. That translated into $ 2.1 billion in revenue for the state.
Texas has 13,613 employees with Washington at 11,225. Between 2005 and 2009, Virginia increased their video game industry. There was a 77 percent increase.
Why entertainment is so valuable
During a recession, entertainment expenses are among the first things to be downsized in a family’s budget. Video gaming is pricey with PCs costing a ton and consoles being anywhere from $ 200 to $ 500. Games range from $ 20 to $ 60, depending upon their popularity, age, format, etc. Since movie prices have gone up, it seems like video games can be better considering one can spend between 40 and 100 hours playing most of the games bought. Video games have been proven to promote hand-eye coordination and even have therapeutic and developmental uses. The video game industry has had a positive effect. The U.S. economy is feeling it.
Find more details 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
