- According to a study published by the Information Technology and Innovation Foundation, titled Digital Prosperity: Understanding the Economic Benefits of the Information Technology Revolution, "The diffusion of information technology and telecommunications hardware, software and services turns out to be a powerful driver of growth, having an impact on worker productivity three to five times that of non-IT capital...in the United States IT was responsible for two-thirds of the total factor growth in productivity between 1995 and 2002 and virtually all of the growth in labor productivity." Click here to download (69 pages - 4.07MB) the report in PDF. Click here for a NY Times story on the report.
Source: Digital Prosperity itif.org, p. 17
Convinced a job in IT is the future? Think again. According to the report, IT jobs "...are not growing faster than the overall economy. Moreover, going forward, it is unlikely that the IT industry will be producing job gains out of line with its size." In other words, the IT industry itself has realized the same sorts of productivity gains as other industry, creating lower demand for new IT jobs.
