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Full-Text Articles in Economic Theory
Producer Services: A Hub For Stem And An Engine For Job Growth, Eric Thompson, Uyen Tran
Producer Services: A Hub For Stem And An Engine For Job Growth, Eric Thompson, Uyen Tran
Business in Nebraska
The producer services sector, which includes professional and technical services such as accounting, engineering, computer programming, advertising and consulting, is the fastest growing, high-wage segment of the U.S. economy. Producer services employment grew by 15 percent nationwide from 2008 through 2017 but only by 5 percent in Nebraska. Nebraska growth lagged the nation in part because the state has smaller metropolitan areas. Producer service businesses tend to congregate in larger cities. To grasp more opportunities in this growing, high wage sector, Nebraska needs to train more workers in STEM occupations, encourage the development of small businesses in the sector, and …