The United States’ GDP of $16.3 trillion in 2014 was the highest in the world, due in large part to the strength of U.S. industries. However, all industries are not equal in terms of their contribution to economic output.
While the U.S. economy is among the world’s strongest, however, other countries continue to invest in education, technology, innovation, and other industries that invigorate economies, and the U.S. is falling behind. The percentage of U.S. workers employed in what the Brookings Institution calls “advanced industries” has fallen from 11.6% in 1980, to 8.7% in 2013. While this was a slight improvement from 8.4% in 2010, the need for a resurgence in the nation’s most important industries is more pressing than ever.
The Brookings Institution identified 50 advanced industries. To be considered advanced, an industry’s research and development spending must exceed $450 per employee, and the proportion of STEM (science, technology, engineering…
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