US Report Sees Perils To America's Tech Future

dcblogs sends this excerpt from ComputerWorld: "The ability of the U.S. to compete globally is eroding, according to an Obama administration report released Friday. It described itself as a 'call to arms.' Titled 'The Competitiveness and Innovative Capacity of the United States (PDF),' it points out a number of 'alarms,' including: the U.S. ran a trade surplus in 'advanced technology products,' which includes biotechnology products, computers, semiconductors and robotics, until 2002. In 2010, however, the U.S. 'ran an $81 billion trade deficit in this critically important sector.' In terms of federal research, in 1980 the federal government provided about 70% of all dollars spent on basic research, but since then the government's share of basic research funding given to all entities has fallen to 57%. It also says real median household income has stalled, and argues for policies that foster innovation."