There are about 6.3 million highly skilled tech workers across the U.S. and Canada that are leading global innovation. This subset of 20 technical occupations is known as “Tech Talent” and these professionals are the ones that have made it possible for us to remain productive during our crash course this year in remote working. CBRE’s Scoring Tech Talent report analyzes this labor pool and ranks 50 markets on their comparative advantage to make data-driven decisions for hiring and real estate.
Number of Tech Graduates Trails Demand for Highly Skilled Workers
There has been a solid decade of growing demand for tech talent across all industries and this increase in hiring reduced any slack there may have been in employment and resulted in significantly higher labor costs. Demand for these skills has outpaced the quantity of tech graduates and although there are more them than ever before, demand was insatiable through 2019. Tech talent is one of the most resilient professions in any economic downturn, and this has been demonstrated during the COVID-19 pandemic by facilitating business productivity and supporting critical infrastructure.