Papers

America’s Advanced Industries: What They Are, Where They Are, and Why They Matter

This report identifies a distinct yet overlooked part of the economy, the advanced industries sector, that is at once critical to national wellbeing and under pressure from eroding competitiveness and national economic drift. By Mark Muro, Jonathan Rothwell, Scott Andes, Kenan Fikri, and Siddharth Kulkarni

April 9, 2017

The need for economic renewal in the United States remains urgent.

Years of disappointing job growth and stagnant incomes for the majority of workers have left the nation shaken and frustrated.

At the same time, astonishing new technologies - ranging from advanced robotics and “3-D printing” to the “digitization of everything” - are provoking genuine excitement even as they make it hard to see where things are going.

Hence this paper: At a critical moment, this report asserts the special importance to America’s future of what the paper calls America’s “advanced industries” sector.

Characterized by its deep involvement with technology research and development (R&D) and STEM (science, technology, engineering, and math) workers, the sector encompasses 50 industries ranging from manufacturing industries such as automaking and aerospace to energy industries such as oil and gas extraction to high-tech services such as computer software and computer system design, including for health applications.

These industries encompass the nation’s “tech” sector at its broadest and most consequential. Their dynamism is going to be a central component of any future revitalized U.S. economy. As such, these industries encompass the country’s best shot at supporting innovative, inclusive, and sustainable growth.

For that reason, this report provides a wide-angle overview of the advanced industry sector that reviews its role in American prosperity, assesses key trends, and maps its metropolitan and global competitive standing before outlining high-level strategies to enhance that.

Advanced industries’ share of total employment varies significantly across major metropolitan areas


Log in to download this paper.
Auto-login on future visits.
Forgot your password? · Not a member? Register today!

What’s Related

Resources

Where Have All the Workers Gone?
This paper is "An Inquiry into the Decline of the U.S. Labor Force Participation Rate" from the BPEA Conference Drafts, September 7-8, 2017.
America’s Advanced Industries: What They Are, Where They Are, and Why They Matter
This report identifies a distinct yet overlooked part of the economy, the advanced industries sector, that is at once critical to national wellbeing…
Beyond Shovel-Ready: The Extent and Impact of U.S. Infrastructure Jobs
This report sheds new light on the widespread contributions that infrastructure jobs make to the nation’s economy, including their importance…
More Resources