Pong and Pac Man were the hopping video games when they first came out, although that has changed. Economists incorporated decided to do a study for Entertainment Software Association that was called “Video Games in the 21st Century: The 2010 Report." This study showed that in 2009, there was $ 5 billion added to help the economy from the video game industry. There was a 10 percent growth between 2005 and 2009 for the video game industry. This was good for the economy considering seven times the growth of the economy was had in this time frame. Source for this article – Video game industry gives the U.S. economy a needed boost by Personal Money Store.
Jobs made possible because of video games
ESA CEO Michael Gallagher said in a press release that job creation in the video game industry has continued at a “rapid pace,” when making “an important contribution to our nation’s economy when stimulating technological innovations and expanding the impact of games on our daily lives.” The survey shows us that 32,000 have jobs with video games usually with an average salary of $ 89,781. More than 120,000 people have jobs because of video games.
California is where you discover them 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. The state benefited from this too. $ 2.1 billion in revenue was received.
Texas has 13,613 employees with Washington at 11,225. Between 2005 and 2009, Virginia increased their video game industry. There was a 77 percent increase.
Value of entertainment
A recession means spending budget cuts in families. Generally entertainment is a part of this. Consoles cost between $ 200 and $ 500 for video game systems. This is why seems like expensive to work with video games. Also, games themselves will still cost between $ 20 and $ 60. But if a consumer can derive someplace between 40 and 100 hours of playtime from a well-constructed game, the price seems much more reasonable, particularly when compared with more passive styles of entertainment like movies, the price of which has skyrocketed in recent years. Video games can really help struggling kids. It helps with development and hand-eye coordination. Plus the video game industry has had optimistic effects on the U.S. economy.
Further reading
Theesa
theesa.com/facts/pdfs/VideoGames21stCentury_2010.pdf
Washington State Lt. Gov. Brad Owen knows ‘Pong’
youtube.com/watch?v=M-b9wEww9MA
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