U.S. economy does better because of video games

There has been an obvious change in video games considering now vs. the days with Pac Man and Space Invaders. Economists Incorporated reports that a study done for Entertainment Software Association called “Video Games within the 21st Century: The 2010 Report,” showed $ 5 billion was going to the economy in 2009 because of these games. From 2005 to 2009, the video game industry’s annual growth has exceeded 10 percent, which is more than seven times the growth of the entire U.S. economy.

More jobs with video games

Michael Gallagher, CEO of ESA, explained that job creation has grown at a “rapid pace." It is also making “an significant contribution to our nation’s economy when stimulating technological innovations and expanding the impact of games on our daily lives.” The average salary of a video game industry worker is about $ 89,781. You will find typically about 32,000 people working also. Video games have made it possible for numerous in the U.S. to get jobs.

California does it all

Video game workers largely live in California. Compensation was a big part of their budget in 2009. $ 2.6 billion was given to direct and indirect employees. That translated into $ 2.1 billion in revenue for the state.

The next two states to follow are Texas and Washington. Virginia also showed tremendous growth from 2005 to 2009, expanding its video game industry presence by a whopping 77 percent.

Value of entertainment

A recession means spending budget cuts in families. Usually entertainment is a part of this. Video gaming is pricey with PCs costing a ton and consoles being anywhere from $ 200 to $ 500. Also, games themselves will still cost between $ 20 and $ 60. Since movie prices have gone up, it seems like video games may be better considering one can spend between 40 and 100 hours playing many of the games bought. Video games have been proven to promote hand-eye coordination and even have therapeutic and developmental uses. The economy is also doing better because of video games.

Discover more info on this subject

Theesa

theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf

Washington State Lt. Gov. Brad Owen knows ‘Pong’

youtube.com/watch?v=M-b9wEww9MA