- Most businesses need science and technology
For example, even a simple cupcake business may use new-fangled frostings that are coloured and flavoured with additives that were initially put together in a laboratory. Of course, gadgets, such as cell phones or electronic iPads, are impossible to manufacture and sell without science and technology.
Without science and technology, factories can't be computerized, offices can't be wired to the Internet, and salespeople can't "ping" potential sales leads via social networking sites or SMS text messages. Science and tech are powerful commodities that change all of the time.
- Science and tech support the economy
The economy thrives when science and technology support the commercial interests of a country and its people. In developing nations, the lack of science and technology talent, research, development, and facilities negatively impact the economy. Since these developing nations can't compete with science and tech-laden countries, such as Switzerland or Japan, they cannot generate the same income. Without a strong economy, governments can't generate the tax dollars they need to take care of their citizens with social welfare programs, health care programs, and other social progress reforms.
Science and technology generates billions of dollars in income every year from myriad fields and industries. Whether the industry is research, pharmaceuticals, astrophysics, or engineering, science and tech are necessary to the success of any type of corporate venture. Universities and colleges also have plenty of students who pay big bucks to study technology and science, and then use their degrees to work in those fields.