[Codango: This is surely an indicator of a serious swell in the economy, especially in the tech sector – but not all tech!]
Rani Molla: Tech companies lead top U.S. companies in R&D spending.
That’s notable because spending on research and development is a key indicator for U.S. productivity, a measure of how well our economy is doing, and productivity has been decreasing lately. No one is really sure why, especially given all the advances in technology.
But spending on R&D is another factor in measuring productivity, and tech companies are certainly contributing in that area.