powering advanced industries
DESCRIPTION
Powering Advanced Industries, State by State. Presented by Bruce Katz at the Brookings Institution on February 20, 2014.TRANSCRIPT
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Washington, DC / February 20, 2013Metropolitan Policy Programat BROOKINGS
POWERING ADVANCED INDUSTRIESState by State
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jobs needed post-recession7.8 million
More Jobs
Better Jobs
poor or near poor in 2011107 million
poor or near poor in 200081 million
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HUMAN CAPITALINNOVATION
MANUFACTURING
INFRASTRUCTURE
STEM
ADVANCED ENERGY
EXPORTS
R&DOPPORTUNITY
CONSUMPTION
DEBTCONSUMPTION
DEBTDEBTCONSUMPTION
CONSUMPTION DEBTDEBT
CONSUMPTIONDEBT
Pre-Recession Economy Next Economy
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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
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HUMAN CAPITALINNOVATION
MANUFACTURING
INFRASTRUCTURE
STEM
ADVANCED ENERGY
EXPORTS
R&DOPPORTUNITY
Next Economy
Advanced IndustriesR&D-intensive industries that concentrate the nation’s science, technology, engineering, math and computer workforce
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Software Computer Systems Design
Telecommunications R&D Consulting Services
Services
Pharmaceuticals AdvancedMachinery
Medical EquipmentMotor Vehicles & Parts
Computer & Electronic Devices
Aerospace
Manufacturing
Advanced Industries
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Advanced IndustriesPay & Skills
average advanced industryjob wage
$94,000
advanced industry jobs requireless than a 4-year degree
1 out of 2
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Engineers & Architects
30.3%
Exports
31.2%
Patents
60.0%
Private Sector R&D
81.3%
Private Sector GDP
10.6%
Jobs
5.1%
Advanced IndustriesShare of US Totals
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Private Sector GDP
AI Share of Job Growth Since 2010
9.9% 10.6%
AI Share of GDP Growth Since 2010
20.7%
Advanced IndustriesShare of Economic Recovery Since 2010
Jobs
5.1%
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Drive Productivity in Other Industries
Stimulate Local Economies
Support LongSupply Chains
Develop Technology that Transforms Lives
Advanced Industries
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Colorado Tennessee
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Tennessee Auto Industry
auto industry workers94,000
auto industry workersin the supply chain
79%
auto industry contribution toTennessee GDP
$4.7 b
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$92,500
Colorado Space Industry
space industry workers66,000
space industry averagewage
space industry contribution toColorado GDP
$8.7 b
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Drive continuous industry development
Develop the workforce pipeline to strengthen AI skills base
Commit to innovation at all levels of the supply chain
Policies that states can pursue to power Advanced Industries
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Washington, DC / February 20, 2013Metropolitan Policy Programat BROOKINGS
POWERING ADVANCED INDUSTRIESState by State