Mathematics and Science Intensive Occupations
At the turn of the millennium, it became evident to the nation that our economy was in the process of transitioning from an asset-based to an intangible asset-based system. In this new economy, copyrights, patents, branding, innovation, and knowledge are valued over more tangible assets such as stock or equipment. Human innovation can provide industry with technical knowledge, help create new scientific discoveries and applications, and develop new ways in which to commercialize and position new products.
This report focuses on the need to provide training and education to meet the needs of innovative or high-tech industries in Missouri. High-tech industries are defined as industries that devote a high proportion of expenditures to research and development activities and employ a large amount of scientific, technical, and engineering personnel. Instead of high-tech industries, this analysis focuses on high-tech occupations, i.e. those that require a high degree of knowledge in mathematics and science - two skills that have, in the past, been linked to occupations with job security, advancement, and high wages.
Some Key Findings:
- In 2002, there were 19,710 mathematics-intensive (annual mean wage $62,922) and 41,010 science-intensive jobs (annual mean wage $79,618) in Missouri, which all paid much higher salaries than the state average wage of $33,099.
- Workers in mathematics-intensive occupations accounted for 0.67% of all employment statewide with workers in science-intensive occupations accounting for 1.40%.
- Most mathematics-intensive jobs were in Professional and Business Services (7,869 jobs), Information (3,437 jobs), Education and Health Services (2,062 jobs), Government (1,814 jobs), and Manufacturing (1,633 jobs). There is a projected net change of over 4,400 mathematics-intensive jobs from 2002 to 2012 in Missouri.
- Most science-intensive jobs were in Education and Health Services (12,687), Professional and Business Services (10,644), Manufacturing (6,647), Government (2,829), Information (2,601) and Self-Employed Workers (2,221). There is a projected net change of over 8,000 science-intensive jobs from 2002-2012 in Missouri.
Read the full report.