Size of the Information Economy: Difference between revisions
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*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], and 122M households [https://www.google.com/search?client=ubuntu&hs=Th7&ei=KnGUWruALYXVjwTLtY6wBg&q=usa+households&oq=usa+households&gs_l=psy-ab.3..0i10k1l10.63701.63701.0.64507.1.1.0.0.0.0.152.152.0j1.1.0....0...1c.1.64.psy-ab..0.1.151....0.8yVznLfcKEg] - for a total USA income of about $8T. | *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], and 122M households [https://www.google.com/search?client=ubuntu&hs=Th7&ei=KnGUWruALYXVjwTLtY6wBg&q=usa+households&oq=usa+households&gs_l=psy-ab.3..0i10k1l10.63701.63701.0.64507.1.1.0.0.0.0.152.152.0j1.1.0....0...1c.1.64.psy-ab..0.1.151....0.8yVznLfcKEg] - for a total USA income of about $8T. | ||
*If software developers are $285B - then they are 4% of the economy. Both figures match - we get 4% of the economy by both methods. | *If software developers are $285B - then they are 4% of the economy. Both figures match - we get 4% of the economy by both methods. | ||
*If 22M software developers worldwide - that is $1.7T in earnings - or | *If 22M software developers worldwide - that is $1.7T in earnings - or 5% of the global economy, if adjusted for share of GDP. | ||
Latest revision as of 21:20, 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], and 122M households [6] - for a total USA income of about $8T.
- If software developers are $285B - then they are 4% of the economy. Both figures match - we get 4% of the economy by both methods.
- If 22M software developers worldwide - that is $1.7T in earnings - or 5% of the global economy, if adjusted for share of GDP.