Interesting Facts About the Impact of the U.S. Wireless Industry on the Economy

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The pic above was taken from a PG-13 humorous site called thespeciousreport.com. Not only is their article and pic appropriate for this story, but it also pokes gentle fun at all the ridiculous patent lawsuits going on.​

A new study by Roger Entner of Recon Analytics, shared facts about the staggering impact of the U.S. Wireless Industry on the economy, and the results my shock you. Here's a breakdown of just some of the main talking points:

• Wireless directly or indirectly supports 3.8 million jobs, or 2.6% of all U.S. employment.
• The wireless industry pays wages that are 65% higher than the national average.
• Wireless contributes $195.5 billion to the U.S. GDP.
• Wireless drove $33 billion in productivity improvements in 2011; over the next 10 years, these efficiency gains will grow to more than $1.4 trillion.
• Wireless enabled an entirely new business, the "app" economy, to grow from zero to $10 billion in four years.

That's just the results as shown in the present. Although no predictions can be 100% accurate, the study suggests this effect will be even more pronounced in the future. Here are a few more statistics from the study:

• An additional 350,000 new U.S. jobs.
• Increase of $166 billion in U.S. GDP.
• Boost of $36.7 billion in government revenues.
• Increase of $13.1 billion in wireless applications and content sales.

Here is one more intriguing fact gleaned from this study. The wireless industry is now larger than publishing, agriculture, hotels and lodging, air transportation, motion picture and recording, and the motor vehicle manufacturing industry segments (not combined but individually).

If that is the future of the wireless industry, it makes you wonder a little bit about the future beyond that. What will be the next disruptive tech to come along and supplant the wireless industry, and how long will it take before we see it? Regardless, it's a bright future indeed! It's funny how much the technology IRL imitates fiction.

Source: CTIA Blog