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Advanced industries brookings 5_28_15
The document discusses advanced industries, which are R&D-intensive industries that concentrate the nation's STEM workforce. Advanced industries include industries like pharmaceuticals, aerospace, software, and telecommunications. They account for over half of US GDP and private sector R&D spending and offer high wages even for jobs requiring less than a bachelor's degree. Advanced industries are concentrated in major metropolitan areas and drive regional specialization and innovation ecosystems across the US.
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Advanced industries brookings 5_28_15
- 1. W H AT W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T
- 2. W H AT W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T
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- 4. Average Wage GrowthSince 1975 20102005200019951990198519801975 $20,000 $40,000 $60,000 $80,000 $100,000 AverageWage
- 5. Advanced Industries W HA T W H E R E W H Y
- 6. R&D-intensive industries that concentratethe nation’s science, technology, engineering, and mathematics (STEM) workforce A M E R I C W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T Advanced Industries
- 7. Pharmaceuticals Medical EquipmentMotor Vehicles& Parts Aerospace Manufacturing 35 Software Computer Systems Design Telecommunications R&D Consulting Services Services 12 Oil & Gas ! Extraction Electricity ! Generation Energy 3 Advanced Industries
- 8. Advanced Industries 60.0% 8.7% 90.0% 81.2% 17.7% 80.0% U.S. GDP ExportsU.S. Workers Private Sector R&D PatentsEngineers/ Architects Concentrate the Assets of the Innovative Economy
- 9. 20102005200019951990198519801975 $20,000 $40,000 $60,000 $80,000 $100,000 AverageWage Advanced Industries Advanced Industries UnitedStates Provide Steady Wage Growth, at 5 Times the Rate of Other Industries
- 10. $160 $120 $80 $40 $0 AverageWage(thousands) Associate’s! Degree Some! College Secondary! Diploma No Secondary! Diploma $153 $117 $130 $89 $115 $69 $89 $56 $60 $38 $54 $32 $44 $28 $33 $20 Advanced Industries Offera Significant Wage Premium at Every Level of Education Doctoral! Degree Professional! Degree Master’s! Degree Bachelor’s! Degree 50 percent! of advanced industry jobs ! require less than a bachelor’s degree
- 11. Drive Productivity in OtherIndustries Stimulate Local Economies Support Long! Supply Chains Develop Technology that Transforms Lives Advanced Industries
- 12. Drive Productivity in OtherIndustries Stimulate Local Economies Support Long! Supply Chains Develop Technology that Transforms Lives Advanced Industries 39 million! total jobs supported by advanced industries
- 13. Advanced Industries W HA T W H E R E W H Y
- 14. Advanced Industries Share ofTotal Metro Employment in Advanced Industries 2.0 to 5.8 percent 5.8 to 8.3 percent 8.3 to 11.3 percent 11.3 to 16.0 percent 16.0 to 29.9 percent Are Highly Metropolitan and Vary Across Regions
- 15. Advanced Industries Are HighlyMetropolitan and Vary Across Regions Boise City, ID Palm Bay, FL Wichita, KS Manufacturing Specialization
- 16. Advanced Industries Are HighlyMetropolitan and Vary Across Regions Houston, TX Birmingham, AL Salt Lake City, UT Energy Specialization
- 17. Advanced Industries Are HighlyMetropolitan and Vary Across Regions Denver, CO Washington, DC Boston, MA Service Specialization
- 18. Advanced Industries Are HighlyMetropolitan and Vary Across Regions San Jose, CA Austin, TX Detroit, MI Balanced Metros
- 19. W H AT W H E R E W H Y Advanced Industries Innovation Skills Ecosystems
- 20. Advanced Industries Innovation SkillsEcosystems Total Spending on Research and Development 2010-2012 average as share of GDP 0 Korea IsraelFinlandSweden Japan Chinese TaipeiDenm arkGerm any Switzerland Austria United StatesSlovenia Iceland FranceBelgiumAustraliaSingapore Netherlands China 1 2 3 4
- 21. Advanced Industries Innovation SkillsEcosystems Share of population 20-34 with a STEM degree Percentage of graduates majoring in STEM fields RANK VALUE 24 25 26 27 28 29 0.86% 0.84% 0.82% 0.77% 0.76% 0.75% Slovenia Estonia Canada United States Netherlands Hungary 30 31 32 33 34 35 22.0% 21.9% 21.8% 19.3% 19.2% 18.7% Norway Australia Poland United States Chile Japan RANK VALUE
- 22. 1980 2013 Major metropolitanareas with at least 10 percent of total employment in advanced industries Advanced Industries Innovation Skills Ecosystems
- 23. Advanced Industries Innovation SkillsEcosystems
- 24. W H AT W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T W H A T W H E R E W H Y B R O O K I N G S A D V A N C E D I N D U S T R I E S P R O J E C T