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SD tech bounceback happened last year

Industry accounts for 12% of San Diego output

By the end of last year, San Diego technology industries had more than bounced back from the Great Recession, according to a study by Kelly Cunningham of the National University System Institute for Policy Research.

As of last year, technology-oriented businesses employed 142,100 workers, generating $41.4 billion in sales. The categories are biotech/biomedical, communications equipment, computers and electronics, defense and transportation, environmental technology, recreational goods, software, and tech consulting services.

Tech accounts for 11 percent of the county's payroll jobs, but 21 percent of total payroll dollars. Reason: average wages in tech are $103,600, compared with $47,700 for non-tech jobs.

The Milken Institute ranked San Diego seventh among leading high-tech metro areas in North America.

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By the end of last year, San Diego technology industries had more than bounced back from the Great Recession, according to a study by Kelly Cunningham of the National University System Institute for Policy Research.

As of last year, technology-oriented businesses employed 142,100 workers, generating $41.4 billion in sales. The categories are biotech/biomedical, communications equipment, computers and electronics, defense and transportation, environmental technology, recreational goods, software, and tech consulting services.

Tech accounts for 11 percent of the county's payroll jobs, but 21 percent of total payroll dollars. Reason: average wages in tech are $103,600, compared with $47,700 for non-tech jobs.

The Milken Institute ranked San Diego seventh among leading high-tech metro areas in North America.

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2

So why is it when QCOM or other high-tech companies need a new building they just build it, but sports teams that generate a tiny fraction of the economic output and tiny fraction of the middle class jobs that high-tech does insist on taxpayer-built facilities?

(I'll bet QCOM and other high-tech companies are getting their share of perks too - but just nothing so blatant as getting facilities built by the city).

April 30, 2014

ImJustABill: There is no logical answer to your percipient question. The team threatens to leave and the city bows at the billionaire owners' feet.

The same extortion game IS played by non-sports companies. Texas is wooing companies from California and other states by saying how much they can save on taxes. Also, Texas and other states toss in bribes or other inducements. The company with such offers in its pocket then goes to its home city to extract bribes. It happens all the time. What if Qualcomm threatened to move? It would get a massive bribe to stay.

Now there is a new threat. Pfizer is trying to take over Astrazeneca of London. The idea is that Pfizer will shift its headquarters to London and save billions on taxes. So now this vile game is not only being played by states -- it is being played by nations. It's bad enough that U.S. companies move their manufacturing abroad to save on labor and taxes. Now the idea is to move the headquarters. Of course, this game has been played for years in tax and regulatory havens such as the Cayman Islands. Best, Don Bauder

April 30, 2014

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