General Discussion
In reply to the discussion: Is Trump driving the US into a recession? - in charts -- The Guardian [View all]yardwork
(68,977 posts)The research universities are being starved of the federal funds that fuel all the groundbreaking discoveries that drive our economy.
Industry doesn't do basic research and discovery. It's done at large research universities, most of them public state universities. The universities employ hundreds of thousands of people who run labs, manage data, manage grants, etc. They're small cities of discovery. It's why the university towns are economically vibrant, with lots of small businesses thriving.
Industry takes the discoveries and translates them into products and services. People all over the world buy these life-saving treatments, new technologies, and neat new things. It's where Musk's technologies for Tesla and SpaceX came from.
The universities are being starved. They've frozen hiring and costs, and that's just the beginning. Our economic engines are sputtering and shutting down.
The impact is going to be devastating.