With the economy in its best shape since before the 2008 financial crisis, a recent study from the University of British Columbia and Massachusetts Institute of Technology indicates that jobs in information technology — like computer software, big data, and cybersecurity — are providing Americans with long lasting financial stability. Published in August at the Journal of Monetary Economics, the study, “Structural Transformation and the Rise of Information Technology,” highlights the breadth of opportunity in IT jobs in the emerging economy.
The study indicates that when compared to other occupations, information technology jobs substantially outperform other occupations. The share of information technology jobs increased by an impressive 19.5 percent between 2004 and 2017, whereas less IT-intensive occupations grew by only 2.4 percent over the same period. Furthermore, the growth in IT jobs is more than eight times the growth rate than other jobs over the past decade.
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