Study: Cable represents 1.8M jobs – and growing [CED Magazine]
The Bortz Media and Sports Group conducted a new study on the economic impact of the cable industry and they’re sharing some very interesting results. The report, recently released by the NCTA, shows that the cable industry in the United States (including operators, programmers and suppliers) represents economic output of well over $250 billion and supports, both directly and indirectly, roughly 1.8 million jobs.
Despite the economic recession of the past few years, the cable industry is one of the very few to continue to have had steady job creation and growth.
Across the country, cable operators directly employ 233,700 people with a combined personal income of $17.3 billion. These figures are bolstered by the 136,000 individuals that work indirectly for cable providers, such as contractors or consultants. These employees bring in additional personal income of $11.1 billion.
In Kentucky, where we serve over 60% of all cable customers, 20,000 jobs are directly and indirectly attributed to cable operators and their suppliers. Indiana has 27,000 cable-realted jobs and Ohio has 63,000.
Over the past eight years, the industry has created 638,000 direct and indirect jobs.
Further, the cable industry has made huge investments in infrastructure and local community development. Over the past 15 years or so, over $170 billion has been invested by cable operators in developing broadband and cable infrastructure. The study concluded by stating that “through these investment and innovation initiatives, the industry has exerted a substantial impact on the United States economy.”