The impact of outsourcing, mergers and layoffs is having an effect on workers, as more turn to self-employment and franchises as a means for job security. The International Franchise Association reports franchises account for 18 million jobs and nearly 10% of output in the private sector.
A survey reports that 81% of 399 businesses polled plan to increase tech spending an average of 20% in the next few years. Factors such as telecommuting, streamlining operations and high comfort levels with technology contribute to this spending trend, which is expected to drive economic growth.
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