Date of this Version
Business in Nebraska, Volume 70 No. 14, November 2015
Producer services providers are firms that sell services primarily to the business community rather than to individuals and households. Accounting firms, consultants, and computer design services are prominent examples of producer services businesses. Producer service industries are worth studying for three reasons:
1. SUPPORT OF OTHER INDUSTRIES: Producer services supply the broader business community, making them a critical segment of the economy.
2. RAPID HIGH WAGE JOB GROWTH: Many producer services industries are rapidly growing and pay high wages. The producer services sectors, in fact, are the principal source of high wage job growth in our evolving service economy.
3. STEM ASSOCIATION: Producer service industries employ high numbers of STEM workers, itself a critical segment of the US and, increasingly, Nebraska economies. By 2022 over 40% of the jobs in top STEM occupations are expected to be in producer service industries.