Economics
Fast Internet Everywhere Could Add $160 Billion to U.S. Economy
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Universal broadband wouldn’t dent inequality, new study finds
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Authors estimate 20% of population to work from home long-term
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?
