The High-Tech Local Jobs Multiplier

The economy is "supposed" to be in a recovery, or so they say. People's viewpoints on this vary, depending on what industry they work in. However, there is one certain factor that is substantiated by a U.S. Census Bureau study, which states that high-tech jobs increase employment in other non hi-tech industries. 
This employment increase in non high-tech industries is known as the "Local Jobs Multiplier," which basically affirms that for each high-tech job created, 4.3 jobs in other local non hi-tech industries are also created.
There are two reasons for this occurrence:

1. high-tech jobs command a higher income, which is spent on meals, transportation, housing, and other services in the worker's local community.  
2. high-tech companies tend to cluster around one another, which attracts additional high-tech firms and the local service providers that support their business activities

• Employment growth in high-tech industries outpaced employment growth in the entire private sector by a ratio of three-to-one.
• High-tech employment concentration and job growth are occurring in a geographically and economically diverse set of regions throughout the country including the Rocky Mountains, Great Plains, Midwest and South.
• Employment in high-tech occupations, or STEM (Science, Technology, Engineering, Mathematics) fields, has consistently been robust throughout the recent decade.
• Employment projections indicate that demand for workers in both high-tech industries and high-tech occupations will be stronger than the demand for workers outside of high-tech at least through 2020.
• Workers in high-tech industries and occupations earn a substantial wage premium relative to workers in other fields, even after accounting for factors that affect wages outside of industry or occupation. The high wage levels seen in high-tech industries and STEM occupations reflect the substantial value-add that high-tech brings to production.