Tech in this context means the tech sector of the economy. Yes there are software engineers working at a bank or government office, but they aren't tech [company] employees, hence not counted in this statistic.
The word tech really got co-opted.
Cars no
Aircraft no
Pills no
Banks no
Self-driving car yes
Software yes
Fintech yes
Tablet yes
Sure modern cars use lots of processors, but the Model T didn’t. It may seem a little vague around where the line between industries is, but at the extreme things line up quite well.Do I have that right?
(If so, this is not reassuring me that their cited statistics are in any way meaningful.)
Meanwhile, those of us in the 90% of US developers and 99% of worldwide developers will keep on innovating and building new stuff regardless of the semantic games you want to play to keep your Bay-centric worldview.