π US Leads in Chip R&D. 80% Spent on Personal Healthcare. Utility Apprentices Paid More.
Chart of the Day #350 Looks at the Average Hourly Wage of US Apprentices, Types of National Health Expenditures, and Global Semiconductor R&D.
Pryvit π
Bluegrass State Skills corporation approves training funds for over 30,000 Kentucky workers. Solar job training in Chicago prepares next generation of energy workforce. Chattanooga State awarded $2M rural health care education grant. Google Funds $5M AI Skills Initiative with Albertaβs Amii.
Intel has partnered with India's MeitY to boost AI talent and support local startups. Oman launches digital curriculum project for grades 1β12 in partnership with BP Oman. India has launched a $5.13M pilot program in Mizoram to provide structured and paid apprenticeship opportunities to over 26K youths.
Today's Topics
π Higher Education. Utility apprentices earn 25% more than in construction
βοΈ Healthcare. Personal healthcare made up >80% of US health spending
π Advanced Manufacturing. US spent >10% more on semiconductor R&D than China
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π Utility Apprentices Earn 25% More Than in Construction

In 2024, utility apprentices earned 25% more than those in construction. The National Apprenticeship Act of 2021 boosted funding to increase apprentice wages and reduce disparities. Over half of the US states passed apprenticeship-related laws in 2023 and 2024, prioritizing wage growth and equity. Recent research highlights persistent wage gaps, prompting expanded support for underrepresented groups and greater transparency in apprenticeship outcomes across sectors.
βοΈ Personal Healthcare Made Up >80% of US Health Spending

In 2023, the US spent over $4 trillion on personal healthcare, over 80% of total health expenditures. To improve efficiency, the government implemented the Inflation Reduction Act, enabling lower prescription drug costs for Medicare beneficiaries and extending affordable health insurance subsidies. These policies aim to reduce costs and enhance care quality, addressing the high spending on personal healthcare and administrative expenses.
π US Spent >10% More on Semiconductor R&D Than China

In 2023, the US invested nearly 20% of its semiconductor sales in R&D, well above other countries. With AI driving demand, global governments are pushing to lead the sector. US initiatives like the CHIPS and Science Act and the SMART USA Institute support research and workforce growth. China advances through βMade in China 2025,β while Taiwan, holding 60% of global chip manufacturing, boosts R&D via its Chip-based Industrial Innovation Program. These efforts reflect an intensifying global race to secure leadership in the semiconductor industry, which is increasingly vital to technological and economic competitiveness.
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