Innovation
Innovation
IP Creates Jobs for America
The U.S. Chamber of Commerce believes that American inventions and intellectual property fuel our economy, create jobs, and improve our daily lives through better access to medicines, increased trust in brands, and greater consumer safety.
The Facts
- There are a total of 75 U.S. industries classified as intellectual property (IP) intensive. These IP-intensive industries contribute $5.8 trillion to U.S. output, making up 38% of total U.S. GDP.
- IP-intensive industries directly and indirectly supply 55.7 million U.S. jobs and pay 30% higher wages, at $50,576 per worker, compared to the national average of $38,768.
- U.S. intellectual property companies drive American global competitiveness by generating 74% of U.S. exports and contributing $1 trillion to the U.S. trade balance.
The Chamber’s Plan for Protecting Innovation
- Promote robust IP rules and enforcement programs in the US and around the world.
- Improve our economy and grow quality job opportunities for the American workforce by strengthening the protection and enforcement of IP rights.
- Combat online sales of counterfeited goods and piracy that damages the American economy and compromises consumer safety.
For more information on the Chamber’s role in protecting American innovation, visit the Global Intellectual Property Center’s website and IPdelivers.com.
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GLOBAL INTELLECTUAL PROPERTY CENTER The Global Intellectual Property Center (GIPC) was established in 2007 as an affiliate of the U.S. Chamber of Commerce. Today, the GIPC is leading a worldwide effort to champion intellectual property rights as vital to creating jobs, saving lives, advancing global economic growth, and generating breakthrough solutions to global challenges. |
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