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. The U.S. economy was shown up by the industry which grew between 2005 and 2009 10 percent.
Video games create job opportunities
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. Video games have made it possible for many within the U.S. to get jobs.
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.
13,613 employees live in Texas with 11,225 in Washington. Virginia had a large expansion with a 77 percent increase between 2005 and 2009.
Giving entertainment a value
During a recession, entertainment expenses are among the first things to be downsized in a family’s spending budget. Consoles cost between $ 200 and $ 500 for video game systems. This is why it appears expensive to work with video games. Also, games themselves will nevertheless cost between $ 20 and $ 60. 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 styles of entertainment like movies, the price of which has skyrocketed in recent years. Video games can really help struggling kids. It helps with development and hand-eye coordination. Plus the video game industry has had positive effects on the U.S. economy.
Theesa
theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf
Washington State Lt. Gov. Brad Owen knows ‘Pong’
youtube.com/watch?v=M-b9wEww9MA
