Size of the Information Economy: Difference between revisions
Jump to navigation
Jump to search
| Line 17: | Line 17: | ||
*GDP of USA is about $19T | *GDP of USA is about $19T | ||
*Salaries are abour 40% of GDP - [https://www.dougsguides.com/content/whats]. | *Salaries are abour 40% of GDP - [https://www.dougsguides.com/content/whats]. | ||
*Thus - if average salary for software developers is $75k - | *Thus - if average salary for software developers is $75k - software developers contribute $285B worth of labor. That is about 4% of GDP if adjusted for salaries being 40% of GDP. | ||
*If we calculate software economy based on total employed population - | |||
*USA is about 5% of world population. | |||
*Mean household income USA - $73k [https://www.google.com/search?q=what+is+the+mean+income+usa&oq=what+is+the+mean+income+usa&aqs=chrome..69i57j0l5.6989j1j4&client=ubuntu&sourceid=chrome&ie=UTF-8] | |||
Revision as of 20:42, 26 February 2018
http://www.anderson.ucla.edu/documents/areas/ctr/bit/ApteNath.pdf.pdf
Productivity and IT
Surprisingly, productivity has decreased up to 1997 and not increased as the digital age has started?
https://www.theatlantic.com/magazine/archive/1997/12/the-computer-and-the-economy/377019/
Software Developers
- Def of Software Developer
- 22M developers worldwide - 2017 - [1]
- 3.8M developers in the USA - 2016 - [2] (source data behind paywall)
Total IT Workers
- About 10M workers in the USA.
Conclusions
- 152M total labor force USA, 2016 - [3]
- GDP of USA is about $19T
- Salaries are abour 40% of GDP - [4].
- Thus - if average salary for software developers is $75k - software developers contribute $285B worth of labor. That is about 4% of GDP if adjusted for salaries being 40% of GDP.
- If we calculate software economy based on total employed population -
- USA is about 5% of world population.
- Mean household income USA - $73k [5]