Aug 8, 201610:02 PMInside Wisconsin
with Tom Still
What will it take for state's tech-heavy industries to stay competitive?
(page 2 of 2)
The report recommended continued investment in educating and training STEM workers.
“If Milwaukee is truly going to reposition itself as a city with an advanced industry economy, it will need to continue to re-engineer its training system,” said Mark Muro, a senior fellow and director of policy for the Metropolitan Policy Program at Brookings. Muro was a primary author of the report.
“And if Madison is going to keep up with the growth in its very diverse advanced industry sector, it will need to maintain its training systems to keep pace with other cities with which it competes,” he added.
Why do so-called “advanced industries” matter? They generate a disproportionate amount of the nation’s productivity, conduct 89% of all private sector R&D, generate 80% of all private-sector patents, and generally drive innovation. The sector is responsible for 60% of U.S. exports even though it represents about 10% of all jobs.
Wisconsin’s prosperity is tied to creation of more high-value industries and jobs. It’s not just a Milwaukee-Madison concern, of course, but a statewide imperative. A future column will examine how other cities in Wisconsin are responding to that challenge.
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