September 28, 2021
Economy

Fast Internet Everywhere Could Add $160 Billion to U.S. Economy

July 28, 2021, 3:43 PM

The U.S. economy stands to gain $160 billion a year in extra output from a successful national high-speed internet plan that would boost labor productivity and allow more people to work from home, according to new research.

The study, which is based on survey data, attempts to put precise numbers on one of the bigger unknowns in President Joe Biden’s infrastructure plan: how much is universal broadband really worth?

Read More: Biden’s Broadband Plan Is Bold, But Economic Payoff Unclear

“Moving to high-quality, fully reliable home internet service for all Americans would raise earnings-weighted labor productivity by an estimated …

Read full article here: news.bloomberglaw.com