687,000 U.S. High-Tech Jobs Lost in a Decade

According to the NSB, the U.S. lost about 687,000 jobs in high-tech since their peak of about 2.5 million in 2000. The organization stated that there have been "permanent" losses in an ongoing trend that affects the areas of aerospace, pharmaceuticals, telecommunications equipment, computer and office equipment as well as scientific instruments.

The NSB carefully criticized the government's approach of funding science and research by stating that there is still a $7 billion budget for the NSF, but the U.S. is quickly dropping in the global view of investment dollars. Between 1999 and 2009, the U.S. share dropped from 38 percent to 31 percent, while Asia gained from 24 to 35 percent during the same time. Especially China is growing fast, the NSB said, and is now the largest science and technology investor behind the U.S.

"Over the last decade, the world has changed dramatically," said José-Marie Griffiths, chair of the NSB committee that oversees production of the report. "It's now a world with very different actors who have made advancement in science and technology a top priority. And many of the troubling trends we're seeing are now very well established." The NSF said that it has launched a number of new initiatives designed to better position the United States "by enhancing international collaborations, improving education and establishing new partnerships between NSF-supported researchers and those in industry."

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  • bit_user
    US Politicians rarely think more than 2 years ahead. Wall Street rarely thinks more than 1 quarter ahead. This outcome is hardly surprising.

    Once the patent trolls have sued all US tech companies out of existence, we're going to be left wondering just how it was that tech went the way of the auto industry.
  • SoiledBottom
    "687,000 U.S. High-Tech Jobs Lost"

    Did they check under the cushions of the couch...I found my keys and wallet there once
  • SmileyTPB1
    I'm going to go out on a limb here and say that it is probably a bad idea to let the Chinese be more technologically advanced than the US.
  • Other Comments
  • SoiledBottom
    "687,000 U.S. High-Tech Jobs Lost"

    Did they check under the cushions of the couch...I found my keys and wallet there once
  • ajay_vishvanathan
    well.. it ought to happen.. companies find that Chinese are cheaper to work with.. shifted most of their manufacturing to China.. every other product in the world carries a "Made In China" tag.. blame the companies for that not the government.. the government has limited role in this.. remember America is a capitalistic and not socialistic economy to dictate the rules..
  • memadmax
    Yea, one of the things about a recession... I know this cause' my number is 686,999........