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Government

Submission + - U.S. report sees perils to America's tech future->

dcblogs writes: The ability of the U.S. to compete globally is eroding, according to an Obama administration report released Friday. It described itself as a "call to arms." Titled "The Competitiveness and Innovative Capacity of the United States," it points out a number of "alarms," including: the U.S. ran a trade surplus in "advanced technology products," which includes biotechnology products, computers, semiconductors and robotics, until 2002. In 2010, however, the U.S. "ran an $81 billion trade deficit in this critically important sector." In terms of federal research, in 1980 the federal government provided about 70% of all dollars spent on basic research, but since then the government's share of basic research funding given to all entities has fallen to 57%. It also says real median household income has stalled, and argues for policies that foster innovation.
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U.S. report sees perils to America's tech future

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