July 4, 2013

CleanTech Trends Pop Quiz – Answers to last week’s 10 Questions

pop quizCleanTech Trends Pop Quiz Answers

Answers to last week’s 10 Questions

Last week we published a pop quiz to test you savvy on the latest employment, deployment, and penetration rates of the various cleantech sectors.

The answers follow below.

 

1. Which renewable sector deployment grew by 28 percent in 2012 in the U.S.? (more…)

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June 28, 2013

CleanTech Trends Pop Quiz – 10 Questions to Test Your CleanTech Savvy

pop quiz

CleanTech Trends Pop Quiz

10 Questions to Test Your CleanTech Savvy

Are you savvy on the latest employment, deployment, and penetration rates of the various cleantech sectors? Take this 10-question pop quiz and test your knowledge. (more…)

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November 3, 2011

Tech Trends: Technology Investment Creates Jobs, Prosperity

Tech Trends

Technology Investment Creates Jobs, Prosperity

Technology investment nurtures innovation and creates economic prosperity. This statement has been proved time and time again. In competition with the Soviet Union’s space program, the U.S. invested heavily in science, engineering, aerospace, and technology, and they pay off was strong innovation, huge job creation, and the birth of new industries in which the U.S. was the clear leader for decades. Today high tech products are the U.S.’s largest overseas export, making up 17.8 percent of all U.S. exports and supporting more than 900,000 U.S. jobs. Most nations are doubling down on their technology and innovation strategies and investment in an effort to win in the telecommunications, energy, and IT industries; securing dominance in key industries of tomorrow will grow jobs and prosperity for the winners.

Investment means allocating funds but it also means creating and acquiring talent. The U.S. has fallen behind in domestic Science, Technology, Engineering and Mathematics education – while 33% of the workforce requires these talents, Americans obtaining degrees in these fields falls below the mark. Foreign-born innovators and entrepreneurs have been instrumental in many of the cutting edge firms and technologies that have brought prosperity throughout the history of the U.S. A  Kauffman Foundation study found that 25% of science and technology start-ups founded between 1995 and 2005 had either a foreign-born chief executive or lead technologist. In 2005, these firms produced $52 billion in revenue with 450,000 employees. Opening immigration to highly skilled and educated will feed and grow innovation and jobs here in the U.S.

Technology innovation leads to national economic prosperity. According to a study by Christine Qiang of 120 nations between 1980 and 2006 estimated that for each 10 percentage point increase in broadband penetration, a high income country’s gross domestic product goes up by 1.3 percent. According to TechAmerica’s Phillip J. Bond, president and CEO, on the average each tech job supports three jobs in other sectors of the economy and the multiplier effect is 5-to-1 for information technology jobs. Information technology accounts for more than a third of U.S. gross domestic product growth and nearly two-thirds of corporate capital investment. Currently there are 375,000 information technology businesses in the U.S. employing over 5.9 million people; by 2018 IT jobs are projected to grow by 22 percent.

 

Recommended reading from Redfish Technology:

Competition for Talent, Immigrants Have Historically been Innovators, Job Creators.

Tech Provides Map for Nation’s Future

Technology and the Innovation Economy by Darrell M. West, Vice President and Director, Governance Studies at the The Brookings Institution

 

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August 11, 2011

IT Employment Trends

IT Employment Trends

Redfish is seeing competition for key technology roles, which we discuss in Executive Recruiter, Andy Nacsin’s article “Winning the Tech Talent War”.  Hiring and job postings are continuing to grow overall as evidenced in recent reporting on IT jobs.

The TechServe Alliance just published its IT Employment Index for June, showing an increase of 132,800 (up 3.39%) from June 2010. Overall in Q2 of this year the number of IT jobs has increased, as it had since December 2009, however the month of June slipped slightly by 300 from the month before. IT employment is at 4,051,200; an increase of approximately 133,000 jobs since June 2010. Indeed.com reports that Information Technology job postings have increased 44% over July 2010 (8% over last quarter), and clicks on those jobs have increased 7% since July 2010.  (more…)

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October 25, 2010

The Polarization of Job Opportunities in the U.S. Labor Market: Implications for Employment and Earnings – Summary of article by David Autor

The Polarization of Job Opportunities in the U.S. Labor Market: Implications for Employment and Earnings

David Autor, MIT Department of Economics and National Bureau of Economic Research

The Hamilton Project

Introduction:

“Between December 2007, when the U.S. housing and financial crises became the subject of daily news headlines, and March of 2010, the latest period for which data are available, the number of employed workers in the United States fell by 8.2 million, to 129.8 million from 138.0 million. In the same interval, the civilian unemployment rate nearly doubled, to 9.7 percent from 5.0 percent, while the employment-to-population ratio dropped to 58.6 percent from 62.7 percent—the lowest level seen in more than 25 years. Job losses of this magnitude cause enormous harm to workers, families, and communities. (more…)

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