The Human Genome Project cost taxpayers $3 Billion.
Within one decade of completion, it had already generated a staggering return on investment of $1 Trillion, with benefits in medicine, agriculture, energy, the environment, & more.
If you want to boost the economy, funding science is one of the best things you could do.
@ScottMGS @luckytran
It’s like the the cheaper education and housing a couple of lucky generations got never mattered
Now the billionaires are happy as they benefit from forty years of pulling the ladders up
And people are looking around asking how things changed, as if Tax Cuts For The Rich didn’t have a clear end-game
#economy
Who is they?
@phred4269 yup. Science has done more for the economy (and humanity in general) than all the thoughts & prayers combined.
@octothorpe @luckytran @lisamelton "for every $1 invested by the federal government, the Human Genome Project's impact has resulted in the return of $141 to the U.S. economy. Further, between 1988 & 2010, human genomics generated an economic output of $796 billion, personal income exceeding $244 billion, & 3.8 million job-years of employment (note that a job-year is equivalent to one person working full time for one year)."
And then there are the medical advancements.
https://www.genome.gov/27549135/nov-2011-human-genome-project-produces-many-benefits
@CStamp @octothorpe @luckytran @lisamelton https://mattsclancy.substack.com/p/frequently-asked-questions-about
It's hard to tell strict ROI, but Matt Clancy makes a good argument it's like $5 on every dollar put into R&D. It's definitely a multiple of what's put in.
@luckytran To be fair, the HGP was fundamentally an engineering project. The science came after the data was available. There were even a few engineering and science breakthroughs along the way to speed things up.
But yes, fund science (and related engineering), to invest in the future. Or don't, and open a repair shop.
See also: computing, the internet, satellites, the interstate, rural electric and phones, all of which spun off enormous industries that hasn't yet existed.
Funding education, too!
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