Thursday, January 31, 2013
“U.S. Internet speed better but still lags”
One
useful statistic the article gives is, “A 2011 report
concluded that doubling broadband speeds can increase a nation's gross domestic
product by 0.3 percent. That would add up to $126 billion in the United States,
noted the paper by networking equipment company Ericsson, consulting firm Arthur D. Little and Chalmers
University of Technology in Sweden.” This shows a possible correlation
between internet speeds and gross domestic product even if it is only 0.3
percent. I know that 0.3 percent would
lead to a large amount of money gained, but it is such a small percent that it
could be due to other factors. Even the useful statistics in this article could
be shown to be hollow easily.
The
idea behind the article however is an interesting one and could be
plausible. A faster internet connection
could, in principle lead to a higher education level. This is a little bit of a stretch, but it
might be possible to show a direct correlation between the two. The next part is where it gets a little muddled. The question is, does a higher education
level lead to a higher gross domestic product?
I don’t believe you can prove this with a direct correlation. While a higher level of education would lead
to smarter business decisions, there would still be companies and people who invest
in things that are high risk high reward and could possibly fail. Also if everyone had a college degree there
would be even more people fighting for the same amount of jobs. (It’s nice
being an engineer because you are fighting with a more limited amount of people
that if you were in the business field) I
don’t believe that there is a connection between education level and gross
domestic product.
This
article brings up a few good points but does not use enough statistics to back
them up. It is plausible to draw a
connection between faster internet and a higher level of education. However, I don’t think it is possible to draw
a connection between higher education levels and a higher gross domestic
product. I was not persuaded by this
article to believe that a connection between faster internet and economic
levels was anything more than a coincidence.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment