5G Boasts $3.5 Trillion in Benefits, If the Government Doesn’t Get in the Way
David Teece writes for Morning Consult:
The central goal of the Trump administration is to create new jobs and bring home old jobs that have moved overseas. To have any hope of success, President Donald Trump will need to have an innovation policy that supports new technologies and reduces regulatory and legal barriers to growing these technologies.
There are many places to start. Research firm IHS Markit in January released a study of the coming economic impact of 5G, the next generation of mobile technologies. According to the report, 5G will be a significant step forward in the evolution of mobile technologies. This new technology, successfully implemented, will have great economic impact, with the “value chain” amounting to $3.5 trillion of output and 22 million new jobs, many of them here in the United States.
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