Yes, but I would be interested in the gross income of IT vs other occupations and how that is impacting overall economy.
For example, if you drop 2 IT jobs, but each one is 150k, but you create 4x 60k jobs, it looks like you added 2 jobs, but in reality, you removed 60k worth of payroll income.
>For example, if you drop 2 IT jobs, but each one is 150k, but you create 4x 60k jobs, it looks like you added 2 jobs, but in reality, you removed 60k worth of payroll income.
But the company saves 60k, so the net (to the economy) is the same.
That is not entirely true. Whereas a company will likely bank that profit, employees are more likely to put that income back into the economy which provides a multiplier effect of the income in overall economic growth.
No, it's entirely true. The economy is a closed system. Employees can't "put that income back into the economy", because it has never left.
How it gets redistributed will vary, and you can make normative arguments about spending the money at the local coffee shop. But the net effect on the economy is the same.
