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. Video games have added $ 5 billion to the economy as shown in a study called “Video Games within the 21st Century: The 2010 Report,” for Entertainment Software that was done by Economists Incorporated. Annual growth for the industry went up 10 percent between 2005 and 2009, or seven times the growth of the U.S. economy alone.
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 when stimulating technological innovations and expanding the impact of games on our daily lives.” The survey shows us that 32,000 have jobs with video games generally with an average salary of $ 89,781. 120,000 jobs have been created specifically to cater to video games.
A lot in California
California has had a lot of video game industry workers living there. In fact, it is the largest employer of them. Compensation was a big part of their budget in 2009. $ 2.6 billion was given to direct and indirect employees. That translated into $ 2.1 billion in revenue for the state.
Texas has 13,613 employees with Washington at 11,225. Virginia had a large expansion with a 77 percent increase between 2005 and 2009.
Some of the value put towards entertainment
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. Whenever you buy a video game, you don’t 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. Video games are proven to promote hand-eye coordination and even have therapeutic and developmental uses. The economy is also doing better because of video games.
Theesa
theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf
Washington State Lt. Gov. Brad Owen knows ‘Pong’
youtube.com/watch?v=M-b9wEww9MA
