Connect with us

Broadband's Impact

Individuals, Not Corporations Are Key To Regional Economic Development, Argues Cisco Researcher

LAFAYETTE, La., April 22, 2010 – The growth of the internet-connected workplace will force political leaders to re-think the policies needed to foster economic growth, argued Cisco Systems researcher Norman Jacknis Wednesday.

Avatar

Published

on

LAFAYETTE, La., April 22, 2010 – The growth of the internet-connected workplace will force political leaders to re-think the policies needed to foster economic growth, argued Cisco Systems researcher Norman Jacknis Wednesday.

"A region’s wealth will be increasingly measured by the sum of the wealth of its individual residents, and not as much by the sales of businesses that happen to have a local address on its headquarters," says Cisco's Norman Jacknis.

“Mayors traditionally want big companies to move to their cities to generate jobs. But the reality is, as we’ve seen, is that it’s extremely difficult for companies to move jobs. I’m a good example, I live 3,000 miles away from San Jose. I live the same place as I did before,” Jacknis said during a presentation at FiberFete, a conference about the relationship between municipalities and high-speed fiber-to-the-home internet networks.

“In the past companies supplied the glue that allowed folks and organizations to work together,” Jacknis said. “The internet, however, has reduced the cost of working together. The company has been replaced by what the internet can now provide. And indeed, big companies aren’t going to look like a big monolithic structure.”

Instead, individuals are going to increasingly work in smaller groups, and will increasingly be contractors rather than full-time employees, he said.

“In a sense it enables them to become the primary unit of economic activity, and this means that more individuals will have more of a choice about where they live … looking at it this way, a region’s wealth will be increasingly measured by the sum of the wealth of its individual residents, and not as much by the sales of businesses that happen to have a local address on its headquarters.”

While he noted that the transition is already underway, it’ll really accelerate when video-conferencing takes off as a result of better bandwidth capacity.

He predicts that the United States will have a world of ubiquitous, high quality broadband by 2030, which will free up knowledge-economy workers to work anywhere they want.

Editor’s Note: Travel and accomodations for this series of stories was provided by the organizers of FiberFête.

Sarah Lai Stirland was Contributing Editor for BroadbandBreakfast.com until April 2011. She has covered business, finance and legal affairs, telecommunications and tech policy for 15 years from New York, Washington and San Francisco. She has written for Red Herring, National Journal's Technology Daily, Portfolio.com and Wired.com. She's a native of London and Hong Kong, and is currently based in San Francisco.

Education

Facebook and Utah Valley University Fund Tech Training Program for Utah Elementary Schools

Derek Shumway

Published

on

Photo of a Forbes Elementary School student courtesy UVU

LAFAYETTE, La., April 22, 2010 – The growth of the internet-connected workplace will force political leaders to re-think the policies needed to foster economic growth, argued Cisco Systems researcher Norman Jacknis Wednesday.

"A region’s wealth will be increasingly measured by the sum of the wealth of its individual residents, and not as much by the sales of businesses that happen to have a local address on its headquarters," says Cisco's Norman Jacknis.

“Mayors traditionally want big companies to move to their cities to generate jobs. But the reality is, as we’ve seen, is that it’s extremely difficult for companies to move jobs. I’m a good example, I live 3,000 miles away from San Jose. I live the same place as I did before,” Jacknis said during a presentation at FiberFete, a conference about the relationship between municipalities and high-speed fiber-to-the-home internet networks.

“In the past companies supplied the glue that allowed folks and organizations to work together,” Jacknis said. “The internet, however, has reduced the cost of working together. The company has been replaced by what the internet can now provide. And indeed, big companies aren’t going to look like a big monolithic structure.”

Instead, individuals are going to increasingly work in smaller groups, and will increasingly be contractors rather than full-time employees, he said.

“In a sense it enables them to become the primary unit of economic activity, and this means that more individuals will have more of a choice about where they live … looking at it this way, a region’s wealth will be increasingly measured by the sum of the wealth of its individual residents, and not as much by the sales of businesses that happen to have a local address on its headquarters.”

While he noted that the transition is already underway, it’ll really accelerate when video-conferencing takes off as a result of better bandwidth capacity.

He predicts that the United States will have a world of ubiquitous, high quality broadband by 2030, which will free up knowledge-economy workers to work anywhere they want.

Editor’s Note: Travel and accomodations for this series of stories was provided by the organizers of FiberFête.

Continue Reading

Health

Healthcare Startup, Boosted By Pandemic, Wants To Alleviate Fears Before And After Surgery

PatientPartner, which helps surgery patients connect with each other, is seeing rapid growth during the pandemic.

Derek Shumway

Published

on

PatientPartner founders George Kramb and Patrick Frank

LAFAYETTE, La., April 22, 2010 – The growth of the internet-connected workplace will force political leaders to re-think the policies needed to foster economic growth, argued Cisco Systems researcher Norman Jacknis Wednesday.

"A region’s wealth will be increasingly measured by the sum of the wealth of its individual residents, and not as much by the sales of businesses that happen to have a local address on its headquarters," says Cisco's Norman Jacknis.

“Mayors traditionally want big companies to move to their cities to generate jobs. But the reality is, as we’ve seen, is that it’s extremely difficult for companies to move jobs. I’m a good example, I live 3,000 miles away from San Jose. I live the same place as I did before,” Jacknis said during a presentation at FiberFete, a conference about the relationship between municipalities and high-speed fiber-to-the-home internet networks.

“In the past companies supplied the glue that allowed folks and organizations to work together,” Jacknis said. “The internet, however, has reduced the cost of working together. The company has been replaced by what the internet can now provide. And indeed, big companies aren’t going to look like a big monolithic structure.”

Instead, individuals are going to increasingly work in smaller groups, and will increasingly be contractors rather than full-time employees, he said.

“In a sense it enables them to become the primary unit of economic activity, and this means that more individuals will have more of a choice about where they live … looking at it this way, a region’s wealth will be increasingly measured by the sum of the wealth of its individual residents, and not as much by the sales of businesses that happen to have a local address on its headquarters.”

While he noted that the transition is already underway, it’ll really accelerate when video-conferencing takes off as a result of better bandwidth capacity.

He predicts that the United States will have a world of ubiquitous, high quality broadband by 2030, which will free up knowledge-economy workers to work anywhere they want.

Editor’s Note: Travel and accomodations for this series of stories was provided by the organizers of FiberFête.

Continue Reading

Education

Surveying Broadband Issues Faced by Students Under COVID-19, CoSN Offers Its Recommendations

The speed of the broadband service used was only one component of the issues students faced.

Benjamin Kahn

Published

on

Photo of Keith Krueger, CEO of the Consortium of School Networking, from Millennium Sustainable Education

LAFAYETTE, La., April 22, 2010 – The growth of the internet-connected workplace will force political leaders to re-think the policies needed to foster economic growth, argued Cisco Systems researcher Norman Jacknis Wednesday.

"A region’s wealth will be increasingly measured by the sum of the wealth of its individual residents, and not as much by the sales of businesses that happen to have a local address on its headquarters," says Cisco's Norman Jacknis.

“Mayors traditionally want big companies to move to their cities to generate jobs. But the reality is, as we’ve seen, is that it’s extremely difficult for companies to move jobs. I’m a good example, I live 3,000 miles away from San Jose. I live the same place as I did before,” Jacknis said during a presentation at FiberFete, a conference about the relationship between municipalities and high-speed fiber-to-the-home internet networks.

“In the past companies supplied the glue that allowed folks and organizations to work together,” Jacknis said. “The internet, however, has reduced the cost of working together. The company has been replaced by what the internet can now provide. And indeed, big companies aren’t going to look like a big monolithic structure.”

Instead, individuals are going to increasingly work in smaller groups, and will increasingly be contractors rather than full-time employees, he said.

“In a sense it enables them to become the primary unit of economic activity, and this means that more individuals will have more of a choice about where they live … looking at it this way, a region’s wealth will be increasingly measured by the sum of the wealth of its individual residents, and not as much by the sales of businesses that happen to have a local address on its headquarters.”

While he noted that the transition is already underway, it’ll really accelerate when video-conferencing takes off as a result of better bandwidth capacity.

He predicts that the United States will have a world of ubiquitous, high quality broadband by 2030, which will free up knowledge-economy workers to work anywhere they want.

Editor’s Note: Travel and accomodations for this series of stories was provided by the organizers of FiberFête.

Continue Reading

Recent

Signup for Broadband Breakfast

Get twice-weekly Breakfast Media news alerts.
* = required field

Trending