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Wisconsin’s bioscience industry employment growth outpaces nation
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.
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