There’s no denying that the lagging economy has been a big obstacle for that past several years. The government has tried many things to help motivate innovation and growth, but it seems that these attempts have had minimal success. However, there appears to be hope in one private industry, which has been bringing jobs and infrastructure back to the U.S.
A recent MFR Tech article Bringing It Back Home: The Resurgence of U.S. Manufacturing, says that the U.S. is still “a hotbed of expertise and innovation as well as one of the biggest technology markets for enterprise and consumers in the world.” Mobile and broadband technologies continue to expand and innovate at exponential speeds. It is this expansion and innovation that has been a major factor in creating growth and opportunities for our stagnant economy.
The article goes on to say that “…many of the best new companies in the telecommunications industry have come from the U.S., in large part due to the combination of engineering innovation and manufacturing capabilities available right here on our own doorstep,” and that, “Silicon Valley is possibly at its most innovative today, and this is nowhere more evident than in mobile broadband data.”
Although we had lost some ground to Europe in past years, the article says that, “that trend has reversed itself in recent years,” and we are quickly regaining our clout in the expanding “tech world”. If we are interested in fostering economic growth and recovering from these last few sluggish years, it is essential that we focus on the innovative and profitable tech industry.