5 inventions a day. 529,000 jobs. Incomes average $151,656. UC’s brag sheet is eye-popping [latimes.com]

Rafael Maravilla(PACEs Connection Staff) 1/26/2110:04 AM

By Teresa Watanabe, Los Angeles Times, January 19, 2021

Every college has its brag sheet. But the University of California has taken it to a whole new level with a 123-page report of exhaustive detail on jobs created, research performed, start-up businesses launched, tax dollars generated and students served.

The report, released Tuesday, may not have the most lyrical title: The University of California Systemwide Economic, Fiscal and Social Impact Analysis. The data are mind-numbing: What does it really mean to say that “UC-related spending delivers substantial economic and fiscal impacts annually to the state, generating $82.1 billion in economic output, $55.8 billion in value added (2% of GSP), $37.6 billion in labor income, and $4.2 billion in state and local tax revenue”?

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