The Value of STEM Skills
A Report by the Joint Economic Committee
The United States has traditionally produced the world’s top research scientists and engineers, leading to breakthrough advances in science and technology. This technological innovation has been a primary driver of U.S. economic growth, with studies showing that half or more of economic growth in the United States over the past fifty years is attributable to improved productivity resulting from innovation.
The late 20th century ushered in vast improvements in computer and information technologies, as well as biomedical technologies. These innovations are changing the way we live, work, and play in marvelous and unforeseen ways. Fully capturing the economic benefits of existing and undiscovered technologies will require a steady stream of Americans equipped with science, technology, engineering, and math (STEM) knowledge, skills, and abilities.