Commitment to Science and Technology Is the Best Way to Create Jobs

“ One small step for man, one giant step for mankind.”

That statement by Astronaut Neil Armstrong as he became the first human on the moon signified the culmination of an entire decade of American scientific commitment.

Where is our commitment today? What kind of large scientific goal are we pursuing?

Actually, there is none. In fact, our lack of excitement toward science and technology is dragging us down in world competition.

Asia is booming ahead of us with South Korea leading the way in Research and Development.

The following is from the National Science Foundation:

Over the past decade, R&D intensity--how much of a country's economic activity or gross domestic product is expended on R&D--has grown considerably in Asia, while remaining steady in the U.S. Annual growth of R&D expenditures in the U.S. averaged 5 to 6 percent while in Asia, it has skyrocketed. In some Asian countries, R&D growth rate is two, three, even four, times that of the U.S.

And why does this matter?

Investment in R&D is a major driver of innovation, which builds on new knowledge and technologies, contributes to national competitiveness and furthers social welfare.

Unfortunately, there are many Americans who honestly believe that we should just freeze in our current state of scientific advancement. Unfortunately, the rest of the world is pushing full steam ahead. We cannot afford to hesitate.

If we do not re-commit to science and technology, the consequences of continued job loss are too painful.

Our young people today are as bright and innovative as our young people have always been. For the US to regain its lead in science and technology, we must embrace our inventiveness and solve the world’s most pressing problems, be they medical, energy or food production. This is the best path to long-term, stable job creation.

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