According to my research, the social sciences are now a significant industry in the UK. They generate PS23.4bn per year. However, subjects like sociology, business law, and politics are not given the recognition. They deserve for their contributions to the UK’s labor market and service economy. Direct spending on university social sciences is just over a tenth, at PS2.7bn per year.

We must also consider the indirect economic benefits that social science departments receive when procuring goods or services. And the multiplier effects of wages of social scientists on the rest of society. These increase the contribution of university social sciences to the economy to PS4.8bn per year. According to new research in The Impact of the Social Sciences. A new analysis by Times Higher Education shows. That the number of social science students and thus staff has been increasing steadily.

Spending by companies, government and non-governmental organizations, as well as media, accounts for the PS19.4bn annual impact. These 380,000 social scientists are qualified post-graduates in analysis and professional occupations. We can only estimate the amount these organisations spend on translating and mediating. Social sciences research due to limitations in labor force statistics.

Nearly 180,000 professionals work in government and public service (costing PS8.7bn per year); 170,000 analysts and translators in finance institutions (costing PS9.8bn per year). Our research also revealed that 40,000 professionals work in the consulting industry, which costs PS1bn per year. Half of this goes to the public sector. Research on the careers of social scientists graduates has shown that 84% of them are employed 3.5 years after they graduate, as opposed to 78% for science graduates.

STEM The Flow Sciences

The booming sector of social sciences is based on two basic factors. The UK is primarily a services-based economy. Services account for four fifths of the economic value-added. The social science disciplines are closely connected to the services industries in many dimensions. However, most efforts from the science technology engineering and mathematics (STEM), disciplines in the UK continue to be focused on the shrinking UK manufacturing base.

STEM research is a critical part of productizing services. For example, websites that allow people to book flights and not rely on travel agents or devices that allow them to check their blood pressure at the comfort of their own homes without the need for a doctor. However, even in this area, social science knowledge is crucial to determine what works and what doesn’t. For example, which types of people are able or unable to reliably monitor their blood pressure?

We live on a globalizing and intensely researched planet. Human-dominated systems, such as cities, states, markets, and physical networks, are increasingly the center of attention. Social scientists are collaborating with most of the applied STEM disciplines, including medicine, health sciences, IT, and software engineering, to study these systems.

The rising importance of social sciences in studying “human-influenced system has also been important. This broad category now covers virtually all processes around the world. With increasing human population, nearly everything that is earthbound has been influence by humans. Consider, for example, how fossil fuel emissions are affecting global climate systems. Understanding social, political, and economic dynamics is key to mitigation efforts.

Polarization Of STEM

The old polarization of STEM and social science is rapidly disappearing. Recent changes have accelerated this change as social sciences in the digital age also include and adapt key STEM science methodologies, such as big data analysis, more randomised control trials, experiments, and systematic review.

There is still one vulnerability. According to our research, the research shows that research funding from both government and the private sector as well as charity is heavily bias towards STEM sciences. These sciences receive 4/5ths of all research funding.

The UK government is still relying on outdated techno-nationalist misconceptions about the sources of economic growth. The UK private sector is more focused on short-term bottom line factors, and other things that can give firms a comparative advantage.

Social science, with its collective-research progression mode, is not able to offer breakthroughs or patentable innovations in this area. Social sciences receive just over half the total research funding that goes to STEM

Over a third of the UK’s 67,000 STEM scientists are employ in research-only positions, which allow them to focus all their energies on improving knowledge. Only one in nine social scientists has a job that is research-only. The vast majority of them must also teach.

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