The Economic Benefits of a Space Industry. Education and Training: Doctoral degree Salary: Median—$97,320 per year Employment Outlook: Fair Definition and Nature of the Work. Astronomy as an interesting subject can be taught in a series of indoor and outdoor sessions, and visitations to interesting places. The economic benefits of improved weather forecasting can be substantial, because of the significant total value of annual weather-caused losses in the United States. •Astronomy is often considered irrelevant by education authorities because it has no apparent economic value. The astronomy sector in Hawaii generates economic activity through its purchases from local businesses, its payment to its employees, and spending by students and visitors. Does astronomy generate economic benefits? Astronomers are sometimes called astrophysicists. There are 1,400 jobs statewide that are sustained by astronomy, with economic impacts of $90 million per year on Hawaii Island and $170 million per year statewide. September 22, 2016 Peter Christoforou News & Events 0. Pavitt, K. (1991) ‘What makes basi c research economically useful?’ Research Policy, Vol. ... Astronomy is the ultimate means of communing with nature. Section 2 lists many reasons why astronomy should still be an essential part of any education. They use the laws of physics and mathematics to learn about the nature of matter and energy throughout the universe, which includes the sun, moon, planets, stars, and galaxies. the economic impact of astronomy, planetary and space sciences research to Arizona. Another popularly cited benefit of space exploration is “job creation”, or the fact that a space agency and its network of contractors, universities and other entities help people stay employed. J.C. Thompson's 1972 survey of agricultural, industrial, and other activities suggests that the annual cost of weather-caused losses approximated $12.7 billion. Through movies, slides, moon observations, watching sunspots, visiting planetarium and observatories, children are exposed to opportunities to explore, thereby nurturing their curiosity and propensity for invention. Astronomy also benefits from and boosts our current digital economy with lots of follow-on technology. Astronomy is a clean field that has substantial economic benefits for both our island and the state. In collaboration with the Institute for Astronomy, a survey was designed to obtain information from astronomy related entities about in-state expenditures. Space has intrigued mankind forever, and in the 20th century the USA and the USSR became caught up in a race to see who could conquer it first. This generated 81 jobs and $3.5 million in wages. 20, pp.109–119. 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