The U.S. technology industry is showing healthy growth for the first time since parts of the Internet sector collapsed two years ago, but jobs and wages still are down, the Bush administration says in a new report on the digital economy.
“This isn’t another train coming. This really is the light at the end of the tunnel,” Phil Bond, undersecretary for technology at the Commerce Department, said Monday. “Technology is firmly on the comeback trail.”
In the report, due for public release Tuesday, the government predicted steady but moderate growth among technology companies and said technology investments are helping fuel growth in other areas. Manufacturing plants with computer networks, for example, are more productive than those without, even taking other factors into account.
But the report also said technology employment is recovering slowly. It said the number of technology workers dropped by 11.2 percent since 2000 to 4.8 million employees
- Smartwatch sales soared in 2018, with Apple leading the charge
- Xiaomi overtakes Apple in unit sales of wearables as market booms
- Has Columbus, Ohio raised its IQ yet? A progress report from the mayor
- Amazon Prime members number more than 100 million in the U.S., survey says
- After conquering the Sahara, the U.K.’s self-driving rover is ready for Mars