Wisconsin’s bioscience industry employment growth outpaces nation
Thursday, July 12, 2018
But wage growth lags national average
Employment growth in Wisconsin’s bioscience industry has outpaced the national average in recent years, according to a new study from a national biotechnology trade organization.
According to the report from the Biotechnology Innovation Organization, Wisconsin saw 5.8 percent growth in employment in the bioscience industry from 2014-16, compared to the national average of 4.4 percent. During the same period, the number of bioscience establishments grew 13.4 percent in Wisconsin, compared to 7.7 percent nationally.
Wages grew at a more sluggish pace, however. According to the report, the average annual wage in Wisconsin’s bioscience industry grew by 1.5 percent from 2014-16. That was about half the rate of the national average of 3.1 percent. The average annual wage in Wisconsin’s bioscience industry was $77,957 in 2016. Nationally, the average annual wage was $98,961.