Texas ranks second in technology report
Texas’ high-tech job growth secured the state second place in the American Electronics Association’s 11th annual Cyberstates report which details trends in high-tech employment, wages, and other key economic factors in the 50 states, the District of Columbia and Puerto Rico.Of 48 states which showed high-tech job increases in 2006, Texas, with an increase of 13,700 jobs, followed behind California which led the nation adding 21,400 net jobs to the industry.
The report showed the nation followed such a trend in 2007, with 91,400 jobs added in the high-tech market.
Texas ranked ninth in the study for high-tech workers’ average wage which was $81,600 in 2006, or 89 percent more than Texas's average private sector wage.
With 23,500 high-tech establishments in 2006, Texas ranked 2nd amongst states with large numbers of tech businesses and ranked third for Venture capital investments, which totaled $1.42 in 2007.
On the downside, the study showed the nation’s high-tech manufacturing sector lost 29,800 net jobs in 2007.
“AeA is concerned that future growth is being jeopardized unless the United States prepares itself for a vastly more competitive global marketplace,” said Christopher Hanson, AeA president and CEO, in a press release.