Tag: closing

Quantifying the Economic Impact of Closing the Digital Divide

NEW YORK, May 3, 2021 /PRNewswire/ —

Key takeaways

  • Additional broadband coverage, adoption, and speed is accretive for incremental growth of U.S. jobs and GDP, making the case for investment
  • A 10 percentage-point increase in broadband penetration in 2016 would have resulted in more than 806,000 additional jobs in 2019, or an average annual increase of 269,000 jobs.
  • More than 875,000 additional U.S. jobs and $186 billion more in economic output would have occurred in 2019 had there been a 10 percentage-point increase in broadband access in 2014.
  • Adding 10 Mbps to average download speeds in 2016 would
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How China is closing the digital divide for seniors

The second-most cited inconvenience was dealing with cashless businesses. QR code-based mobile payments, enabled by Alibaba’s Alipay and Tencent’s WeChat, have revolutionized commerce in recent years. In December, China’s central bank urged merchants and institutions to accept cash, not long after the State Council, the government’s cabinet, released an implementation plan for senior inclusivity in the age of technology.

The plan called on companies to not only innovate their products, services, and ecosystems with the needs of the elderly in mind, but also use technology to optimize offline services that many seniors depend on, especially government services and those in

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