“Cities such as Sacramento and Long Beach in California are aggressively moving forward with 5G,” writes CALinnovates’ Kish Rajan. “These emerging cities may find themselves attracting the Googles and Amazons of tomorrow as larger cities drag their feet on 5G.”
That foot-dragging isn’t just potentially bad for local economies, contends Rajan; it’s also a threat to America’s global competitiveness.
To date, the U.S. has been the global leader in innovation – in large part due to our leadership in the wireless space – but there’s a real risk America will lose our position to China and South Korea if we lose the race to 5G.
The economic benefit of leading the move to the next level of network speed and capacity is not fiction. History shows that 5G will provide tremendous economic benefit. America led the way on 4G technology, resulting in $100 billion in economic impact. We took that lead position from the European Union, which had been ahead of the game on 2G. Losing that front-runner status led to job losses and contractions in the telecom hardware and software industries in Europe.
We can’t afford to have the same thing happen in the U.S.
Read Rajan’s full story here.