Date: Thu, 24 Jun 1999 09:41:15 -0400 (EDT) From: [EMAIL PROTECTED] Subject: Digital Economy contributed 1/3 of economic growth in US For more information on this item please visit the CANARIE CA*net 3 Optical Internet program web site at http://www.canet3.net ------------------------------------------- E-WORLD FUELS U.S. ECONOMY, REPORT SAYS The information technology industry is driving U.S. economic growth, according to a report by the Commerce Department. Although the industry is small, only comprising 8 percent of the nation's total economic output from 1995 to 1998, it is responsible for more than one-third of U.S. economic growth. It has also steadied the inflation rate, with the rising quality and decreasing prices of technological products lowering the inflation rate by 0.7 percent in both 1996 and 1997. The industry has contributed significantly to the recent investment boom, with investments in computers and communications responsible for more than half of the growth of business equipment spending from 1993 to 1998. Salaries have increased as well, with information technology workers earning 78 percent more than other workers in 1997. The report, "The Emerging Digital Economy II," concludes that by 2006, almost half of U.S. workers will be employed in the information technology industry or in a field that uses technology heavily. (USA Today 06/22/99) ------------------------------------- To subscribe or unsubscribe to the CANARIE-NEWS list please send e-mail to: [EMAIL PROTECTED] In the body of the e-mail: subscribe testnet end ------------------------------------- ***************************************************** EDUCAUSE, an international nonprofit association dedicated to transforming education through information technologies Bill St. Arnaud Senior Director Network Projects CANARIE [EMAIL PROTECTED] +1 613 785-0426
