Saturday, August 21, 2010

Video games help U.S. economy

Video games have come a long way since Pong, Pac Man and Space Invaders. Economists incorporated decided to do a study for Entertainment Software Association that was called “Video Games in the 21st Century: The 2010 Report." This study showed that in 2009, there was $ 5 billion added to help the economy from the video game industry. The U.S. economy was shown up by the industry which grew between 2005 and 2009 10 percent.

More jobs with video games

Job creation has been going at a “rapid pace" when making “an significant contribution to our nation’s economy when stimulating technological innovations and expanding the impact of games on our daily lives," says ESA CEO Michael Gallagher. The survey shows us that 32,000 have jobs with video games typically with an average salary of $ 89,781. More than 120,000 people have jobs because of video games.

A lot in California

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. The state got about $ 2.1 billion in just revenue.

Texas has 13,613 employees with Washington at 11,225. Virginia also showed tremendous growth from 2005 to 2009, expanding its video game industry presence by a whopping 77 percent.

Why entertainment is so valuable

Families tend to buy less entertainment things in a recession. Consoles cost between $ 200 and $ 500 for video game systems. This is why seems like costly to work with video games. Also, games themselves will still cost between $ 20 and $ 60. Since movie prices have gone up, seems like like video games might 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. Plus the video game industry has had good effects on the U.S. economy.

Discover more details on this subject


Washington State Lt. Gov. Brad Owen knows ‘Pong’

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