Posted May 14, 2019 09:13:49America’s top companies are spending more and more on research, and not investing in the jobs and innovation that create the wealth they need, a new report found.
The report, called “The Hoover Effect: The Cost of Innovation,” released Tuesday by the Center for American Progress, found that the “Hoovers” of Silicon Valley are investing more and investing less in innovation, even as the rest of the economy has also recovered.
The study found that at the end of 2017, the Hoovers of Silicon Vista and other top tech firms were spending $1.9 trillion more on R&D than the $1 trillion that the economy had created.
But, by 2020, that spending had dropped to $1 billion.
In 2021, it was down to $974 billion.
And the spending is only going up, according to the report.
At the end, in 2020, $1,634 billion had been invested in R&ab;D, while $1 million had been spent on R &H, or R≈H.
And by 2021, that had grown to $3.9 billion.
So, there’s more of that in the pipeline.
But it’s all still in the bubble, the report found, and the money isn’t going to be there for companies to reinvest in their core businesses.
At the end in 2021, the average worker had just $26,000 in the bank.
By 2020, they had more than $1 quadrillion in the banking system, which included mortgages, credit cards, student loans, auto loans, and other loans.
That means that $1 quintillion that has been invested is likely to be sitting there.
And, as the report noted, there is no clear way to get it out of the banks.
But the biggest problem is that, as a group, they have a huge incentive to keep investing in research and development, and they have little incentive to invest in creating jobs, the study found.
The Hooves of SiliconValley are investing in R & amp;H to create jobs, and investing in a bunch of R&op;H for themselves, and for the country.
So the country has lost its competitive edge.
It’s not the way to create more jobs, but it’s a very good way to keep the Hooters.