I recently attended a panel discussion hosted by the Progressive Policy Institute (PPI) which featured speaker Roger Entner, of Recon Analytics. Entner presented the findings of his new study, “The Wireless Industry: The Essential Engine of U.S. Economic Growth,” posted here: http://reconanalytics.com/2012/04/essential-engine-of-us-economic-growth/
Entner spoke about the tremendous impact the wireless industry has had on the economy. Some of the facts include: the wireless industry has added over 195 billion to the U.S. gross domestic product in 2011 — more than 4 million jobs are directly or indirectly created by wireless technology. He also spoke about how wireless is expansive and touches almost every aspect of our life. I agree — wireless technology is an important part of all our lives and, as Entner’s study shows, an important part of our nation’s economy.
Panelist Thomas Hazlett,Professor of Law & Economics, George Mason University, offered an interesting fact that shows just how widespread and important wireless technology is to our economy — and consumers — today. His data point: there are more people today who are mobile subscribers than have electricity; 30 years ago the figure for wireless subscribers was at zero. Fascinating!
Roger Entner also spoke about the critical need for more spectrum. Wireless technology is rapidly evolving and growing and we need more spectrum to support this growth. This point was emphasized in the remarks by some of the panelists that followed Entner’s remarks.
Panelist Jim Cicconi, AT&T’s Senior Executive Vice President of External and Legislative Affairs, spoke about how our nation’s wireless broadband infrastructure can be world class and how this should be a national objective. To achieve this we need more spectrum — and most importantly, investment in the networks. We also need policies that advance both goals: to get more spectrum and incent investment. We also need to have our policy makers take a look at what our current policies are and check to see if they are helping or hurting investment. Cicconi raised some excellent points that are important as we look forward to our wireless future.
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