Job Growth in a Wireless Economy

March 16, 2012

Georgetown Center for Business and Public Policy to Discuss How Innovations in Wireless Technologies Add Jobs to the U.S. Economy

WHAT:
The Center for Business and Public Policy at Georgetown University’s McDonough School of Business will host “Quantifying our Intuition: Job Growth in a Wireless Economy” featuring John Mayo, professor of economics, business, and public policy at Georgetown McDonough; Robert J. Shapiro, chairman of Sonecon LLC and senior policy scholar at the center; and Kevin Hassett, senior fellow and director of economic policy studies at AEI.

WHEN:
Monday, March 19, 2012, 1-2 p.m.

WHERE:
Longworth Office Building, Room 1539

RSVP:
Media who are interested in covering the event should contact Teresa Mannix, director of media relations, at (202) 687-4080 or tmm53@georgetown.edu.

PROGRAM:
Continuing investments to upgrade the wireless broadband Internet infrastructure, including the transitions from 2G to 3G wireless technologies, and now from 3G to 4G, had produced cascades of innovation. Based on previous advances, the current transition to 4G technologies is likely to spur significant new job creation and growth which could help the American economy restore gains in incomes and business investment, according to the presenters.

New econometric analysis set forth in this study shows that the investments and innovation entailed in the transition from 2G to 3G wireless technologies and Internet infrastructure spurred the creation of some 1,585,000 new jobs from April 2007 to June 2011. The investments being undertaken today to upgrade wireless network and Internet technologies from 3G to 4G hold comparable promise for job creation. This analysis estimates that under the current transition, every 10 percent increase in the adoption of 3G and 4G wireless technologies could add more than 231,000 new jobs to the U.S. economy in less than a year. Based on the substantial economic benefits arising from advances in wireless broadband infrastructure and the adoption of devices that take advantage of that infrastructure, the study’s authors argue that a national policy should actively promote the rapid deployment and broad adoption of 4G wireless broadband.

About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit http://msb.georgetown.edu.

About the Georgetown Center for Business and Public Policy
The Georgetown Center for Business and Public Policy is an academic, non-partisan research center whose mission is to engage scholars, business people and policymakers in relevant inquiries and dialogue to impact key business, economic and public policy issues confronting American and international businesses today. Housed at Georgetown University's McDonough School of Business, the Georgetown Center was created in 2002 to encourage thoughtful discussion and to document and disseminate knowledge on a range of issues in the public interest.