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Latest USPTO Study on IP-Intensive Industries Shows Increasing GDP and Job Levels Attributable to IP Rights
['Steve Brachmann']
IPWatchdog.com | Patents & Intellectual Property Law
“In 2024, workers in IP-intensive industries took home average weekly earnings of $1,897… [t]his wage premium [being] most pronounced in copyright-intensive industries.”
That increased value to the American economy has led IP-intensive industries toward consistent job growth over successive reports in this series.
Workers in IP-intensive industries enjoy sizable wage premiums compared to Americans employed in other industrial sectors.
In 2024, workers in IP-intensive industries took home average weekly earnings of $1,897, a 53% increase over the average weekly pay for workers in non-IP-intensive industries.
Arts, entertainment and recreation ranks third among industrial sectors for GDP output from IP-intensive industries, while the wholesale and retail trades sector accounted for the third-highest rate of employment attributable to IP-intensive industries.