Fifty sectors make up the advanced industries in the United States (see list below). These sectors are the future of American prosperity, and while competition is fierce with other countries around the world also focusing on advanced manufacturing, the US is working to stay competitive due to government support rebuilding advanced sectors and STEM (science, technology, engineering, math) training for US workers.
Michio Kaku has warned that advanced technical degrees in the US are more than 90% obtained by foreigners. But US advanced industries have expanded at a rate of 5.4% annually, or 30% faster than the US economy as a whole over the past decade. Since the end of the “Great Recession,” more than 1 million jobs have been added in the advanced industry with average earnings of $90,000 in total compensation, double the earnings of non–advanced industries workers.
A Brookings Institution report, “America’s Advanced Industries,” notes that workers in advanced industries produce $210,000 in annual value added per worker compared to $101,000 on average for workers outside this field.The following chart from the Brookings report shows the increase in average earnings since 1975 for those involved in high-tech jobs.
Following are the 50 industries that make up the advanced industries sector according to the Brookings Institution:
The following video by the Brookings Institution explains why advanced industries are so important to the US.