Jobs in that sector will emerge as increasingly important, as energy deregulation opens up opportunities in that sector, experts say. According to state figures, Houston's high-tech employment base constitutes 48 percent of its work force. There are plenty of engineers that work for Enron or Reliant Energy that don't get counted. Despite California's sky-high real estate market, stringent environmental regulations and power shortages, the AEA's Mr. Kazmierczak says he doubts Texas will overtake the valley in his lifetime. It's where companies have their headquarters, it's where there's a lot of talent.
People are willing to pay a premium for that.
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