In 2017, the ten largest tech/telecom companies by market cap employed 1.6 million workers, based on their latest financial reports.* That’s up 82% from ten years earlier.
By contrast, the ten largest industrial companies in 1979, measured by market cap, employed 2.2 million workers (1979 was the peak year for manufacturing employment in the US). Employment at these companies rose 23% over the previous ten years.
These figures update our September 2017 report, “An Analysis of Job and Wage Growth in the Tech/Telecom Sector.”
*Market cap measured as of February 28, 2018.