Video games have come a long way since Pong, Pac Man and Space Invaders. According to a recent study conducted by Economists Incorporated for the trade association Entertainment Software Association entitled “Video Games within the 21st Century: The 2010 Report,” the video game industry contributed a robust $ 5 billion to the U.S. economy in 2009 alone. .
Video game industry creates jobs
Job creation has been going 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,” 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. Video games have made it possible for numerous within 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. That translated into $ 2.1 billion in revenue for the state.
13,613 employees live in Texas with 11,225 in Washington. Virginia also showed tremendous growth from 2005 to 2009, expanding its video game industry presence by a whopping 77 percent.
Giving entertainment a value
During a recession, entertainment expenditures are among the first things to be downsized in a family’s spending budget. Video gaming may seem expensive on the surface – consoles cost from $ 200 to $ 500, and PCs cost even more. Games range from $ 20 to $ 60, depending upon their popularity, age, format, etc. Whenever you buy a video game, you do not realize that 40 to 100 hours is spent on each one of the games. It may be better to do that than to buy movies, which are getting more expensive. Video games can really help struggling children. It helps with development and hand-eye coordination. The economy is also doing better because of video games.
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Theesa
theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf
Washington State Lt. Gov. Brad Owen knows ‘Pong’
youtube.com/watch?v=M-b9wEww9MA
