Record-breaking employment and wages benefit BC tech workers
Ministry of Jobs, Trade & Technology
News Release | November 16, 2017
B.C.’s technology and innovation industry is providing people with more good-paying jobs and producing higher revenue than ever before, according to the latest BC Stats report on the sector.
“Our government supports the growth of B.C.’s tech sector, which is responsible for thousands of good-paying jobs for British Columbians, and this report confirms that,” said Bruce Ralston, Minister of Jobs, Trade and Technology, while touring Kabam Studios in downtown Vancouver. “The sector saw record levels of employment, revenue, wages and GDP in 2016, which is helping to build a strong and innovative economy that works for everyone.”
B.C.’s tech salaries continued to climb in 2016 for the sixth consecutive year, increasing 7.4% to just under $9.4 billion. This outpaced the average for all industries, which saw wages increase 4%. A tech sector employee’s wage is also much higher than the provincial average, with weekly earnings of $1,690, compared to the $920 per-week average across all industries.
“Employees working in our tech sector earn weekly average salaries almost 85% higher than the average wage in B.C., which is also higher than the Canadian tech sector’s average,” said Rick Glumac, Parliamentary Secretary for Technology. “These are skilled jobs that pay well and support a growing number of British Columbians throughout the province.”
Tech sector employment increased 4.1% in 2016, surpassing B.C.’s overall employment growth of 3% and national tech sector employment growth of 0.3%. The sector saw a 9.2% increase in revenue, producing approximately $29 billion in revenue in 2016.
“Seeing the new ideas and innovation being spun out of my community each day, it comes as no surprise that B.C. has yet again broken new tech sector records across the board,” said Raghwa Gopal, CEO, Accelerate Okanagan. “By continuing to work together, we can help B.C.’s tech entrepreneurs keep growing.”
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