A new study from research firm KPMG finds that the most innovative companies in the US are based in major metropolitan areas that have a high concentration of low-wage workers.
The findings show that a combination of technology, government regulations and the desire to attract talented young people to a city have helped drive this growth.
The firm’s report, “Tech Cities: How Innovation Shapes Our Economy,” released today, details the trends in US cities, focusing on the areas where tech companies are growing.
The report, which covers the past decade, highlights the city-to-city and regional differences that are driving innovation in the technology sector.
Cities with a higher concentration of workers in low-skill jobs, for example, tend to be tech hubs.
It is not just the high concentration in these cities, but the fact that these cities have the most high-tech jobs in the country, the report says.
In the past 10 years, the number of high-skill workers has grown by more than a third in these metro areas.
According to KPM.com, the US has a large number of tech hubs, with nearly 10% of the nation’s population in some form of tech sector.
While cities with higher concentration in high-wage jobs are a critical component in the tech sector’s future, the findings also show that the regions with the most tech companies in their metro areas also tend to have a larger concentration of high wage workers.
New York City is a tech hub with nearly a quarter of the country’s high-skilled workers.
Silicon Valley has been an early adopter of tech, but is now home to over one-fifth of all high-end tech jobs in America.
San Francisco is home to a large tech workforce.
Chicago has a larger number of skilled workers than the nation as a whole, with a high percentage of the workforce working in tech jobs.
But San Francisco and Silicon Valley are also the fastest growing tech hubs in the nation.
KPMB predicts that in 2040, there will be a net increase of about 10,000 high-paid jobs, and about 10% will be held by workers in the software, retail and services industries.
The US has also been a magnet for startups, with an influx of $100 billion worth of new startups in the past five years.
But KPMg says this influx has come with the caveat that startups will have to compete for workers, because it’s not feasible to find a good-paying job for everyone.
The firms that dominate the market will be able to get better wages and perks for workers by hiring more skilled employees, and by increasing their salaries.
But it will take a few more years before tech firms can match the salaries and benefits of traditional industries.
KPAB predicts there will also be a shortage of high paying jobs for low-skilled technology workers, which could be a factor in why tech firms are moving away from the region.
While this report shows a trend of increasing the concentration of tech workers in high cost metropolitan areas, KPM, along with KPM Group, also reports that the number and percentage of high tech jobs are still below the national average.
For example, there are more than 7 million low-paid tech jobs today in the United States.
KPRI.com says that as more and more high-paying jobs are created in the future, companies will continue to seek ways to attract the brightest minds in the field.
But this will likely take time, because these jobs require higher levels of skills, according to KPA.
The KPM report says that the rise in technology jobs is a good sign for the economy, because more skilled workers will be hired.
And this will create demand for high-quality, high-pay jobs in these high-cost regions, which is likely to lead to higher wages and benefits for workers.
KPG has a detailed breakdown of the KPM study here.