Powering Advanced Industries

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Powering Advanced Industries, State by State.

Presented by Bruce Katz at the Brookings Institution on February 20, 2014.

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Powering Advanced Industries

  1. 1. POWERING ADVANCED INDUSTRIES State by State Metropolitan Policy Program at BROOKINGS Washington, DC / February 20, 2013
  2. 2. More Jobs 7.8 million jobs needed post-recession Better Jobs 81 million 107 million poor or near poor in 2000 poor or near poor in 2011
  3. 3. Pre-Recession Economy DEBT CONS MPTION CONSU UMP TION ON TI MP U BTDEBT ONSDEBT CON DE SUM DEBT C PTI DEBT ON CONSUMPTI ON Next Economy INFRA STRUEXPORTS CTUR ADVANCED E AL CTURING ENERGY PIT FA N CA ANU R&D UMAIN M ST HO EM PP NOVA ORTU TION NITY
  4. 4. 85% 71% Drop in natural gas prices 2008-2012 Rise in Chinese manufacturing wages 2008-2012 Major tech and production trends are changing the nature and location of manufacturing
  5. 5. Next Economy STRUEXPORTS CTUR ADVANCED E INFRA AL CTURING ENERGY PIT FA N CA ANU R&D UMAIN M ST HO EM PP NOVA ORTU TION NITY Advanced Industries R&D-intensive industries that concentrate the nation’s science, technology, engineering, math and computer workforce
  6. 6. Advanced Industries Manufacturing Services Pharmaceuticals Aerospace Advanced Machinery Telecommunications R&D Consulting Services Motor Vehicles & Parts Medical Equipment Computer & Electronic Devices Software Computer Systems Design
  7. 7. Advanced Industries Pay & Skills $94,000 average advanced industry job wage 1 out of 2 advanced industry jobs require less than a 4-year degree
  8. 8. Advanced Industries Share of US Totals 81.3% 60.0% 30.3% 5.1% Jobs 31.2% Engineers & Architects Exports 10.6% Private Sector GDP Patents Private Sector R&D
  9. 9. Advanced Industries Share of Economic Recovery Since 2010 20.7% 5.1% Jobs 9.9% 10.6% AI Share of Job Growth Since 2010 Private Sector GDP AI Share of GDP Growth Since 2010
  10. 10. Advanced Industries Develop Technology that Transforms Lives Drive Productivity in Other Industries Support Long Supply Chains Stimulate Local Economies
  11. 11. Colorado Tennessee
  12. 12. Tennessee Auto Industry 94,000 auto industry workers 79% auto industry workers in the supply chain $4.7 b auto industry contribution to Tennessee GDP
  13. 13. Colorado Space Industry 66,000 space industry workers $92,500 space industry average wage $8.7 b space industry contribution to Colorado GDP
  14. 14. Policies that states can pursue to power Advanced Industries Drive continuous industry development Develop the workforce pipeline to strengthen AI skills base Commit to innovation at all levels of the supply chain
  15. 15. POWERING ADVANCED INDUSTRIES State by State Metropolitan Policy Program at BROOKINGS Washington, DC / February 20, 2013

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