The Case For Tech-Employment Resilience During COVID-19
1 Apr 2021
News
Core technology jobs are weathering the pandemic better than many other occupations as demand stays strong for tech services and products that support social distancing and basic business and societal functions. This bodes well for tech hotspots across North America.
The tech industry already is a pillar of the U.S. economy. In the past five years, one of every four new office-space-using jobs created were in the technology industry. That influence extends to commercial real estate: Tech companies in this year’s second quarter accounted for 20.5% of office leasing activity in the U.S., more than any other industry.
The pandemic has paused tech’s momentum but not derailed it. Analysis of tech job cuts reported by layoffs.fyi since March 2020 shows that approximately 90% of the reductions were to non-technical functions such as marketing, administration and sales. This further reinforces the importance of tech talent to support and foster innovation, even during tough economic times.
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The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
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