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Tech Opportunity for Minorities and Women: A Good News, Bad News Story

Posted by New Leaders Council 4 Admin on May 01, 2015 at 5:19 PM

Originally published on PPI's Policy Memo by Michael Mandel and Diana G. Carew on April 30, 2015.

Can tech jobs be a source of economic opportunity and upward mobility for an increasingly diverse American population?

Yes—consider two key facts about the labor market recovery, both of which show the potential for tech jobs to empower communities and bring shared prosperity.

First, since the recovery began in 2009, tech has created almost as many jobs for college graduates as healthcare. Tech jobs, here defined as all computer and mathematical occupations across industries, include computer systems analysts, network architects, and statisticians. Over 2009-2014, these tech jobs added about 730,000 college-educated workers. By comparison, healthcare occupations—which include everything from doctors and nurses to lab technicians and therapists—added 787,000 workers with a college degree.

This near parity in tech and healthcare job creation is significant given healthcare has long been regarded as the most dependable force for job creation. A growing and aging U.S. population, alongside rising medical costs, are widely seen as keeping healthcare jobs in high demand.

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