Innovation

The US has the highest GDP per capita at $81,695. Europe is second at $60,350 US workers are considered highly productive due to a combination of factors including significant investment in technology and research and development (R&D), a culture of innovation and risk-taking, access to advanced capital equipment, a skilled workforce, and a business environment that encourages competition and adaptability, allowing them to produce more output per hour worked compared to many other countries. With the reshoring of manufacturing and the advances in new equipment along with AI the advantage that the US has will become greater. In 2023 the US spent $783 billion on R&D compared with $410 billion in Europe. Most new technology was invented in America -- from personal computers, lasers, mobile phones, video games, photocopiers, and even the internet.