Gaming Industry & Game Economy

I think it’s probably happened to us all at some point. It’s come up in conversation with friends, family and maybe strangers. There is a persistent belief that video games are “a waste of time” and the world would be better off without them. Many debates have been had (that usually end in both sides huffing but no hard answers being landed on) about the negative effects that gaming can have on one’s psyche and social attitudes. Critics argue that games, gaming systems like Nintendo, and gaming computers are a waste of money.

However, playing video games is no more expensive than buying a musical instrument and paying for music lessons. In fact, gaming probably costs less when you factor in all the Dell coupons and other gaming coupons out there. Additionally, video games are only a waste of time inasmuch as television, reading or painting are wastes of time. If you have self-control, you should have no problem setting limits for yourself. Before critics of the software entertainment industry go locking the doors to Nintendo headquarters, there are a few things they should know.

Video games help the economy level up.According to a recent study entitled “Video Game in the 21st Century: The 2010 Report,” the annual growth of the entertainment software industry was more than 10 percent. That is five-times the amount that the United States economy grew as a whole. In these unsure economic times, the entertainment software industry is one of the few areas that can be depended on for growth.The gaming industry helps US Government collect gold coins.

The entertainment software industry contributed $4.9 billion (yes, that’s billion with a “B”) to the U.S. GDP in 2009. The total was 14.5 trillion, so 4.9 billion may seem like a drop in the bucket, but when you consider how relatively young the industry is, the future looks bright, to say the least. Video games give people +1 life.

Video games and video game technology have been shown to positively affect physical therapy patients. There have been many cases of patients making big strides in recovering their mobility after accidents that left them in wheelchairs or without the use of a certain part of their body. The virtual reality gives the brain practice firing neurons to the affected area, and the affected area gets practice receiving and processing those signals.

So, next time someone tells you that video games are a waste of time, or if your friends snicker when you tell them you spent the previous night vanquishing zombie wolves in Skyrim, just remind them that you’re doing your part as a contributing member of the U.S. economy. Or maybe tell them you’re just supporting experimental physical therapy methods by playing video games. It might not convert them to gaming fanatics, but it will at least quiet them down for a minute.

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