Archive for the ‘economy’ Category

Apple A Mega Jobs Engine, 500,000 Jobs Created

Friday, March 2nd, 2012

In addition to creating blockbuster revolutionary products, Apple, has also been a mega jobs engine for the beleagured U.S. economy. Apple has created or supported more than 514,000 jobs for U.S. workers, according to the Analysis Group.

The are jobs are in four core areas, the app economy, jobs at Apple, Apple retail stores and U.S.-Based Customer Support. Apple said its iOS & app economy has created over 210,000 since 2007. It also has paid out $4 billion in royalties paid to date. Those numbers were independently verified by TechNet, which did its own study on the app economy jobs.

In addition to 47,000 jobs at Apple, the largest portion of that figure is an estimated 257,000 jobs supported by Apple at companies like Corning and FedEx. That includes the people who deliver and build Apple products and components, professional and technical services, and healthcare. The estimate comes from a standardized “employment multiplier” applied to Apple’s spending according to the Analysis Group.

The jobs Apple has been creating are high paying engineering, software, marketing & support jobs which pay more more than the U.S. median income. By contrast it competitors; Netflix, Amazon and Google create low wages jobs that require people to lick envelopes, pack boxes or click ads. Where the average work is making minimum wage except Google which makes a little more, US$22,000 for workers sitting at home clicking ads.

Top U.S. Metro Areas With Highest Percentage of App Economy Jobs
New York-Northern N.J.-Long Island 9.2%
San Francisco-Oakland-Fremont 8.5%
San Jose-Sunnyvale-Santa Clara 6.3%
Seattle-Tacoma-Bellevue 5.7%
Los Angeles-Long Beach-Santa Ana 5.1%
Washington-Arlington-Alexandria 4.8%
Chicago-Naperville-Joliet 3.5%
Boston-Cambridge-Quincy 3.5%
Atlanta-Sandy Springs-Marietta 3.3%
Dallas-Fort Worth-Arlington 2.6%
Top Ten States for App Economy Jobs (Percentage)
California 23.8%
New York 6.9%
Washington 6.4%
Texas 5.4%
New Jersey 4.2%
Illinois 4.0%
Massachusetts 3.9%
Georgia 3.7%
Virginia 3.5%
Florida 3.1%