Texas’ tech resilience
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 22 May 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
The high tech industry has been grappling with a downturn in recent years. But a new report shows that the picture for the tech sector in Texas is a bit sunnier than in other parts of the country. Why is that? Then, Lowe’s and Target feel the effects of a pinched consumer, and sugar production — once Cuba’s most important and profitable trade — is nearing collapse.
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| 0:27.0 | My name is Lee Hawkins. |
| 0:30.0 | I've been a journalist for over 25 years. On my new |
| 0:36.9 | podcast, What Happened in Alabama, I get answers to some of the hardest questions |
| 0:42.2 | about how things came to be for many |
| 0:44.8 | black Americans and the truth that must come before any reconciliation can happen. |
| 0:50.6 | I investigate my family history, my upbringing in Minnesota, and my father's |
| 0:56.0 | painful nightmares about growing up in Alabama. What happened in Alabama is a new |
| 1:01.8 | series confronting the cycles of trauma for myself, my family, and for many |
| 1:07.1 | black Americans. |
| 1:08.9 | Listen now. A bright spot for tech. From marketplace, I'm Sabrie Benashore in for David Brancaccio. for it's got an estimated 470,000 jobs since 2022. |
| 1:34.0 | But not all tech sectors are the same, nor do they face the same challenges. |
| 1:37.7 | In Texas, where high tech represents nearly 5% of state GDP |
| 1:42.0 | and more than 9% of employment, the picture is a little sunnier than in other |
| 1:46.3 | parts of the country. That is according to a new report by the Dallas Fed. |
| 1:50.0 | Marketplace's Elizabeth Trobahl has the story. The Texas economy is so much more than the old stereotype of oil, cotton, and cattle, says |
| 1:58.9 | Louise Torres with the Dallas Fed. |
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