Indeed since 2002 these states have all enjoyed far greater growth rates in high-tech employment than California, Illinois, Michigan or New York.

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Over the past five years, New York City employment in securities and banking fell 10% to 163, 600 jobs, compared with a 10% rise in high-tech employment, where jobs stood at 275, 600 by mid-2012, according to the New York State Department of Labor.

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Mr. PATRICK ANDERSON (Principal and CEO, Anderson Economic Group): If you really go around and you try to add up all the jobs that are directly related to the automobile industry, you come up with an enormous fraction for any industry of the total amount of employment and also very high wage employment and also very hi-tech employment.

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