There has been an clear change in video games considering now vs. the days with Pac Man and Space Invaders. Video games have added $ 5 billion to the economy as shown in a study called “Video Games within the 21st Century: The 2010 Report,” for Entertainment Software that was done by Economists Incorporated. Annual growth for the industry went up 10 percent between 2005 and 2009, or seven times the growth of the U.S. economy alone.
Video games create job opportunities
Job creation has been going at a “rapid pace" while making “an important contribution to our nation’s economy while stimulating technological innovations and expanding the impact of games on our daily lives," says ESA CEO Michael Gallagher. The survey shows us that 32,000 have jobs with video games usually with an average salary of $ 89,781. 120,000 jobs are created specifically to cater to video games.
California is where you discover them all
California is the largest employer of video game industry workers. In just 2009, $ 2.6 billion was given to direct and indirect employees for compensation. The state benefited from this too. $ 2.1 billion in revenue was received.
Texas has 13,613 employees with Washington at 11,225. Virginia had a large expansion with a 77 percent increase between 2005 and 2009.
Why entertainment is so valuable
Families tend to buy less entertainment things in a recession. Consoles cost between $ 200 and $ 500 for video game systems. This is why seems like expensive to work with video games. You’re looking at more for the games too. $ 20 to $ 60 is needed for every game. When you buy a video game, you do not realize that 40 to 100 hours is spent on each one of the games. It may be better to do that than to purchase movies, which are getting more expensive. Hand-eye coordination gets much better along with development when using video games. The economy is also doing better because of video games.
Additional reading
Theesa
theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf
Washington State Lt. Gov. Brad Owen knows ‘Pong’
youtube.com/watch?v=M-b9wEww9MA
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