The American engine of progress and prosperity is in serious trouble. Innovation has stalled. The number of good, middle-class jobs is dwindling. Wealth and opportunity are increasingly concentrated in a few coastal megacities. And cultural divides are widening. How do we turn this tide?
The answer lies in science — specifically, government-funded science. Investment in science is the ultimate pro-growth policy: It leads to more invention, higher productivity and broad-based economic development.
According to our research, if the U.S. government were to boost funding by $100 billion per year with strategic, geographically dispersed investments and initiatives, the result would be roughly 4 million new jobs.
Angie Hicks of Angie’s List went from doorsteps to NASDAQ. Mark Zuckerberg turned his dorm room idea into a Silicon Valley corner office. A co-founder “blind date” between Julie Rice and Elizabeth Cutler sparked the cult-like following of Soul Cycle.
Sure, there were challenges (and legal battles) along the way, but happy endings came for these entrepreneurs — which make for easy fairytales to tell in glossy profiles and curated news sites.