73% of Americans believe that high-quality internet is a necessity and 5G is the answer. Not only for them, but to add fuel to the U.S. economy. Here’s what is being said on the internet.
5G has the potential to create or transform up to 16 million jobs across all sectors of the economy, which includes full-time, part-time, and temporary jobs. It is estimated the development of nationwide 5G will result in the US economy adding up to $2.7 trillion in additional gross output (sales) growth. 5G can add up to $1.5 trillion to the U.S. GDP, larger than the annual GDP of 94% of world economies.
The above-noted growth in the US economy can be linked to growth in the manufacturing sector. 5G-enabled factories experience about 20-30% overall productivity gains, including up to 50% in assembly time, up to 20% in asset life, and up to 90% in defect detection.
In the retail sector, both online and brick-and-mortar 5G create a faster and more efficient shopping experience estimated to increase sales growth dramatically.