advanced industries brookings 5_28_15

A M E R I C A’ SA D VA N C E D

I N D U S T R I E SW H AT T H E Y A R E , W H E R E T H E Y A R E ,

A N D W H Y T H E Y M AT T E R

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P R O J E C T

200,000

400,000

600,000

-600,000

-400,000

-200,000

-800,000

0

Monthly Job Growth Since 2008

Average Wage Growth Since 1975

20102005200019951990198519801975

$20,000

$40,000

$60,000

$80,000

$100,000

Aver

age

Wag

e

Advanced Industries

W H A T W H E R E W H Y

R&D-intensive industries that concentrate the nation’s science, technology, engineering, and mathematics (STEM) workforce




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Advanced Industries

Pharmaceuticals

Medical EquipmentMotor Vehicles & Parts

Aerospace

Manufacturing35

Software Computer Systems Design

Telecommunications R&D Consulting Services

Services12

Oil & Gas !Extraction

Electricity !Generation

Energy

3

Advanced Industries

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

20102005200019951990198519801975

$20,000

$40,000

$60,000

$80,000

$100,000

Aver

age

Wag

eAdvanced Industries

Advanced Industries

United States

Provide Steady Wage Growth, at 5 Times the Rate of Other Industries

$160

$120

$80

$40

$0

Aver

age

Wag

e (th

ousa

nds)

Associate’s!Degree

Some!College

Secondary!Diploma

No Secondary!Diploma

$153

$117

$130

$89

$115

$69

$89

$56 $60

$38

$54

$32

$44

$28 $3

3

$20

Advanced IndustriesOffer a 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

Drive Productivity in Other Industries

Stimulate Local Economies

Support Long!Supply Chains

Develop Technology that Transforms Lives

Advanced Industries

Drive Productivity in Other Industries

Stimulate Local Economies

Support Long!Supply Chains

Develop Technology that Transforms Lives

Advanced Industries

39 million!total jobs supported by

advanced industries

Advanced Industries


Advanced Industries

Share of Total 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

Advanced IndustriesAre Highly Metropolitan and Vary Across Regions

Boise City, ID

Palm Bay, FL

Wichita, KS

Manufacturing Specialization


Houston, TX

Birmingham, ALSalt Lake City, UT

Energy Specialization


Denver, CO

Washington, DC

Boston, MA

Service Specialization


San Jose, CAAustin, TX

Detroit, MI

Balanced Metros


Advanced Industries

Innovation Skills Ecosystems

Advanced Industries


Total Spending on Research and Development 2010-2012 average as share of GDP

0

Korea

Israe

lFin

land

Sweden

Japa

nChin

ese T

aipei

Denmark

German

ySwitz

erlan

dAus

triaUnit

ed S

tates

Sloven

iaIce

land

Fran

ceBelg

iumAus

tralia

Singap

oreNeth

erlan

dsChin

a

1

2

3

4

Advanced Industries


Share of population 20-34 with a STEM degree

Percentage of graduates majoring in STEM fields

RANK VALUE24

25

26

27

28

29

0.86%

0.84%

0.82%

0.77%

0.76%

0.75%

SloveniaEstoniaCanada

United StatesNetherlands

Hungary

30

31

32

33

34

35

22.0%

21.9%

21.8%

19.3%

19.2%

18.7%

NorwayAustraliaPoland

United StatesChileJapan

RANK VALUE

1980 2013

Major metropolitan areas with at least 10 percent of total employment in advanced industries

Advanced Industries


Advanced Industries





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advanced industries brookings 5_28_15

Economy & Finance