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Economic Impact Study

Consumer Technology’s Impact on the U.S. Jobs, Economy

 

Every job created in the U.S. consumer technology sector supports almost three non-tech jobs throughout the rest of the American economy – an employment multiplier of 3.59. CTA’s U.S. Economic Contribution of the Consumer Technology Sector report reveals the consumer tech sector:

  • directly and indirectly supports 18.2 million American jobs;

  • provides $1.3 trillion in annual wages;

  • contributes $503 billion in annual taxes; and

  • adds $2.3 trillion to the nation’s economy each year – representing almost 12% of U.S. GDP.