Abstract
This paper examines job growth at leading tech/telecom firms. We compare them to leading industrial firms, both in the first half of the 20th century and in the post-war era, and show that they have similar employment trajectories. Then we consider wage and industrial structure trends. We find that real wages in the tech/telecom sector are higher and rising faster than in the physical sector. To correct for composition effects, we examine detailed occupational categories, and find that for middle-skill occupations such as sales and office support, the tech/telecom sector has significantly higher wages than the physical sector.
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