"By overlooking cuts in research and development, product design, and worker training, GDP is greatly overstating the economy's strength."
"The official statistics are not designed to pick up cutbacks in "intangible investments" such as business spending on research and development, product design, and worker training."
"Without investment in intangibles, the U.S. can't compete in a knowledge-based global economy."
"Companies are robbing the future to pay for short-term profits. Over the past year, U.S. employment of scientists and engineers, the people who create the next generation of products and make the U.S. more competitive over the long term, has fallen by 6.3%"
Highlights:
BusinessWeek Magazine this month
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