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. 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. Article source – Video game industry gives the U.S. economy a needed boost by Personal Money Store.
More jobs with video games
Michael Gallagher, CEO of ESA, explained that job creation has grown at a “rapid pace." It is also making “an essential contribution to our nation’s economy while 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 typically with an average salary of $ 89,781. Video games have made it possible for many within the U.S. to get jobs.
A lot in California
Video game workers largely live in California. In just 2009, $ 2.6 billion was given to direct and indirect employees for compensation. 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.
Some of the value put towards entertainment
During a recession, entertainment expenditures are among the first things to be downsized in a family’s budget. Video gaming may seem costly on the surface – consoles cost from $ 200 to $ 500, and PCs cost even more. You are looking at more for the games too. $ 20 to $ 60 is needed for each game. But if a consumer can derive somewhere between 40 and 100 hours of playtime from a well-constructed game, the price seems much more reasonable, particularly when in contrast to more passive forms of entertainment like movies, the price of which has skyrocketed in recent years. Video games are proven to promote hand-eye coordination and even have therapeutic and developmental uses. The video game industry has had a optimistic effect. The U.S. economy is feeling it.
Further reading
Theesa
theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf
Washington State Lt. Gov. Brad Owen knows ‘Pong’
youtube.com/watch?v=M-b9wEww9MA
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