Utah’s economy is booming, thanks in part to the growing tech industry across the state. Levi Pace, a senior research economist with the Kem C. Gardner Institute who led a study on Utah’s Tech Economy last year, found that in terms of total employment and wages in the private sector, no state with an economy Utah’s size had a larger tech industry in 2018.
This has been great for job growth (nearly 1 in 7 jobs) and economic impact (an estimated $29.7 billion); however, with it comes enormous challenges.
Utahns have experienced heightened demand for housing, pressure on transportation, and wage inequities (average compensation for tech employees is around $106,000, where other industries are $58,500).