Brookings Advanced Industries Project Overview
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Advanced Industries presentation to the Brookings Board, May 28th 2015
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Brookings Advanced Industries Project Overview
- 1. 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 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 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 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
- 4. Average Wage Growth Since 1975 20102005200019951990198519801975 $20,000 $40,000 $60,000 $80,000 $100,000 AverageWage
- 5. Advanced Industries W H A T W H E R E W H Y
- 6. R&D-intensive industries that concentrate the 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 United States 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 Offer 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
- 11. Drive Productivity in Other Industries Stimulate Local Economies Support Long! Supply Chains Develop Technology that Transforms Lives Advanced Industries
- 12. 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
- 13. Advanced Industries W H A T W H E R E W H Y
- 14. 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
- 15. Advanced Industries Are Highly Metropolitan and Vary Across Regions Boise City, ID Palm Bay, FL Wichita, KS Manufacturing Specialization
- 16. Advanced Industries Are Highly Metropolitan and Vary Across Regions Houston, TX Birmingham, AL Salt Lake City, UT Energy Specialization
- 17. Advanced Industries Are Highly Metropolitan and Vary Across Regions Denver, CO Washington, DC Boston, MA Service Specialization
- 18. Advanced Industries Are Highly Metropolitan and Vary Across Regions San Jose, CA Austin, TX Detroit, MI Balanced Metros
- 19. W H A T W H E R E W H Y Advanced Industries Innovation Skills Ecosystems
- 20. Advanced Industries Innovation Skills Ecosystems 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 Skills Ecosystems 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 metropolitan areas with at least 10 percent of total employment in advanced industries Advanced Industries Innovation Skills Ecosystems
- 23. Advanced Industries Innovation Skills Ecosystems
- 24. 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 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