RSSVideo Games Help U.S. Economy
September 1st, 2010 by admin | Filed under copy playstation games.
Video games have come a long way since Pong, Pac Man and Space Invaders. Economists Incorporated reports that a study done for Entertainment Software Association called “Video Games within the 21st Century: The 2010 Report,” showed $ 5 billion was going to the economy in 2009 because of these games. There was a 10 percent growth between 2005 and 2009 for the video game industry. This was good for the economy considering seven times the growth of the economy was had in this time frame. Resource for this article - Video game industry gives the U.S. economy a needed boost by Personal Money Store.
Video game industry creates jobs
ESA CEO Michael Gallagher said in a press release that job creation in the video game industry has continued at a “rapid pace,” when making “an important contribution to our nation’s economy when 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, according to the survey. Video games have made it possible for numerous in the U.S. to get jobs.
California does it all
California has had a lot of video game industry workers living there. In fact, it is the largest employer of them. It provided more than$ 2.6 billion in direct and indirect compensation to its employees in 2009. The state benefited from this too. $ 2.1 billion in revenue was received. In other states, Texas ranked second with 13,613 employees, followed by Washington (11,225). Virginia had a large expansion with a 77 percent increase between 2005 and 2009.
Thinking about entertainment value
Families tend to buy less entertainment things in a recession. 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. When you buy a video game, you do not realize that 40 to 100 hours is spent on each and every one of the games. It may be better to do that than to purchase movies, which are getting more expensive. Hand-eye coordination gets much better along with development when using video games. Plus the video game industry has had good effects on the U.S. economy.
Further reading
Theesa
theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf
Washington State Lt. Gov. Brad Owen knows ‘Pong’
youtube.com/watch?v=M-b9wEww9MA
Tags: economic growth, entertainment software association, u.s. economy, video game industry