In 2023, wages and salaries in medium-high R&D intensive activities were less than the forecast for 2024 at $882.16 billion. From 2024 to 2028, the year-on-year growth is estimated to be steady, with a continuous increase leading up to $967.35 billion in 2028. The average annual growth rate (CAGR) over this period is expected to highlight a consistent upward trend, indicating robust expansion in the sector.

Future trends to watch include:

Technological advancements potentially driving higher demand for skilled R&D professionals, further increasing wage growth.
Economic fluctuations and policy changes impacting investment in R&D sectors.
Global competitive pressures influencing US market dynamics.