Broadband Unleashes Jobs & Economic Growth November 21st, 2008
Tom Amontree

In these tumultuous economic times, the broadband sector is a key source of economic strength that will contribute to our long-term growth.  In fact, the converging sectors of telecom, media and information technology contribute nearly $900 billion to the GDP annually and are expanding at an inflation-adjusted rate that is two to five times faster than the overall U.S. economy.

Information technology-related sectors, powered by broadband, are expected to remain a critical driver of economic growth for at least the next 10 years.  In fact, broadband-enabled jobs, such as network managers, data analysts and computer software engineers are projected to be the fastest-growing occupations.  This will no doubt play a vital role in filling our nation’s growing employment gaps with high-paying IT jobs.

Thanks to the more than $60 billion dollars the telecom sector is investing in next generation infrastructure annually, innovation is flourishing and the economic ripple effect promises to be significant.  After all, broadband is the essential foundation of our nation’s modern information economy and a constructive policy environment will only increase the returns on our investment…in the form of jobs and widespread economic growth.

This entry was posted on Friday, November 21st, 2008 at 12:14 pm and is filed under Benefits of Broadband. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.