PPI Technology Project
 
New Economy Index Home
 
Introduction
 
SECTION I
What's New About The New Economy?

 
SECTION II
New Economy Outcomes: Impacts on Americans

 
SECTION III
Foundations for Future Growth


Progress Towards Digital Transformation

E-Commerce

Internet Hosts

Households Online

Businesses Online

Government IT Expenditures

Schools Online

Bandwidth

Investment in Innovation

Venture Capital

Federal R&D

Private R&D

Patents

Capital Investment

Costs of Economic Regulation

Fostering New Economy Skills

Math and Reading Scores

Scientists and Engineers in the Workforce

Science and Engineering Degrees

Worker Education

Corporate Training
 
Explaining the Productivity Paradox
 
The Knowledge Economy
 
Nine Myths About the New Economy
 
Data Sources
 
Endnotes
 
The Authors
 

 
The New Economy Index
Foundations for Future Growth

FOSTERING NEW ECONOMY SKILLS
 

The Numbers of Engineers and Scientists Are Growing

WHY IS THIS IMPORTANT? Technological innovation is one of the key drivers of overall economic progress, and it is fueled by a strong engineering and scientific workforce.

THE TREND: () As a share of the workforce, scientists and engineers grew moderately throughout the 1980s, and even faster since 1993. But because jobs requiring science and engineering expertise are forecast to increase three times faster than other occupations between 1994 and 2005, the demand for scientists and engineers is expected to exceed supply by approximately four percent. Much of this increase has been driven by a rapidly growing demand for computer scientists and programmers, who increased as a share of all scientists and engineers from 23 percent in 1983 to 36 percent in 1997.

Foreign-born scientists and engineers are also becoming a more valuable part of our economy. The numbers of immigrant scientists and engineers admitted with permanent visas to meet growing industry demand has doubled from 0.3 percent of the science and engineering workforce in 1988 to 0.6 percent in 1993. Similarly, while only 1.3 percent of all Ph.D. scientists and engineers in the United States who have had a degree for more than 25 years are foreign born, almost one-quarter (24.3 percent) of those who earned their degrees in the last five years are foreign born.

THE DATA:

 
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