Growth in New York City’s tech sector is evident in the number of people now working in technology jobs there. According to Crain’s New York Business, 60,000 positions are in place, nearly double the amount seen during the industry’s low point in 2003.
The growth has had an impact beyond technology, Crain’s reports. Advertising technology is becoming a bigger part of the city’s advertising space, and so there’s a boost in jobs there, as well. Given the increasing overlap of tech and advertising, that shouldn’t come as a surprise. Both traditional and digital agencies are seeing increased demand for social media and Internet advertising solutions. Currently, 66,000 people work in New York’s ad industry, a record.
The average pay for tech jobs in New York is around $80,000, according to the New York State Labor Department. Together, the technology and advertising industries employ more people in the city than higher education, law, accounting, and investment banking and brokerage combined.