The corporate tax rate was much higher during the 1950s and 1960s [0], which would seem to encourage companies to invest in research to grow their business instead of giving the government the money.
I don't have a strong opinion on this, but it seems like it could be a factor.
The corporate tax rate was much higher during the 1950s and 1960s [0], which would seem to encourage companies to invest in research to grow their business instead of giving the government the money.
I don't have a strong opinion on this, but it seems like it could be a factor.
[0] https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_St...