Every once in a while a report comes out that is built on stats that make you say 'oh boy'. Even more interesting is the quote in this snippet of the AEA report published by the Post (full article here):
"Recent data show the tech sector is "climbing back to 'pre-bubble-bursting' levels of employment and activity," Hansen said. The bubble of the late 1990s was the product of "an exuberance of investment" in companies that often lacked solid fundamentals, but the current growth is being driven by a more stable industry that has become integrated into the broader economy, he added."
Current growth in the tech industry is built on a more stable industry??? Kidding, right? Have these people actually paid attention to the Web 2.0 community? Not as much money in so the fall won't be as hard as 1999/2000, but we'll still feel it when it happens.
Other interesting factoids that were published in the Post.
Among the report's key findings:
_ Seattle led the nation in technology job growth in 2006, adding 7,800 positions.
_ The New York metropolitan area had the most high-tech employees in 2006 with 316,500; followed by San Jose, Calif., in the heart of Silicon Valley, with 225,300 tech workers; and Boston with 191,700.
_ Silicon Valley had the nation's highest concentration of high-tech workers with 286 industry employees for every 1,000 private sector workers.
_ The Washington, D.C., region led the nation in technology job growth between 2001 and 2006, adding 7,500 workers.