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article imageIT jobs have outpaced most other jobs in growth

By Tim Sandle     Sep 1, 2018 in Business
Research shows that information technology jobs - computer software, big data, and cybersecurity - have outpaced most other jobs, across all sectors, in productivity and growth since 2004.
The research is focused on the U.S. jobs market and it comes from the University of British Columbia. The headline is that employment associated with the wider term of 'Information Technology' has provided those active in the U.S. jobs market with with long-lasting financial stability.
Simply expressed by lead researcher Giovanni Gallipoli: "The future of jobs is in IT, and IT-intensive tasks. Growth and productivity in jobs involving IT tasks are very strong, and workers who can perform such tasks have a clear competitive advantage in the labor market."
The analysis of the jobs market tracks the well-established slowdown in wage gains and a general trend towards a reduction in skill requirements across most types of jobs, underway since the the year 2000; however, this trend is not seen with IT jobs. In terms of job numbers, IT-intensive occupations have grown by 19.5 percent between 2004 and 2017 whereas less IT-intensive occupations grew by just 2.4 percent during the same time period.
The data also suggests, based on the wage rates of IT jobs compared with the jobs market as a whole, a continuing skills gap for jobs with digital and technical requirement, with a lack of suitable job candidates to fill the number of IT roles available.
The research has been published in the Journal of Monetary Economics. The peer reviewed research paper is titled "Structural transformation and the rise of information technology."
In related news, the most popular entry-level technology jobs in the U.S. employment market have been revealed in a new survey, from the recruitment site Indeed. The outcomes have been profiled on Digital Journal.
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