The U.S. government has estimated that it will cost taxpayers $12.4 billion to train more than 10,000 computer programmers over the next decade, according to a new study released Thursday.
The study, released by the Department of Labor, used data from the Bureau of Labor Statistics to determine the total cost of each new programmer.
It found that a new programmer can cost the government $12,988,000 to train and $6,939,000 for a full-time employee.
It did not break out the cost for a part-time worker.
The report also found that for a bachelor’s degree, the cost is $16,566,000.
“The cost of training new computer programmers in the next ten years will exceed $12 billion, and will exceed the cost paid by employers,” the study said.
“Our study demonstrates the importance of the new information technology workforce, and that our efforts to recruit, train, and retain skilled computer programmers are a critical component of the government’s economic recovery plan,” it added.
The government is spending $50 billion on computer programs and research this year to prepare for the computer revolution.
The Obama administration has been trying to encourage companies to create software that can take on new roles in the economy, such as social media or health care, and provide more reliable and efficient information for consumers.