- link Copy Url - [ Share on twitter ](https://twitter.com/intent/tweet?text=How 5G Will Become the Underlying Foundation of the U.S. Economy https://www.3blmedia.com/markdownify/node/340956?absolute=1&via=3blnews "link to 3 B L Media's Twitter") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/340956?absolute=1 "link to 3 B L Media's Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/340956?absolute=1 "link to 3 B L Media's Facebook") - [ email Share via email ](mailto:?subject=How 5G Will Become the Underlying Foundation of the U.S. Economy&body=ESG News from Qualcomm https://www.3blmedia.com/markdownify/node/340956?absolute=1 "Share via email") [Green Infrastructure](/CSR-News/green-infrastructure) # How 5G Will Become the Underlying Foundation of the U.S. Economy ##### A message from Qualcomm Technologies Aug 11, 2021 6:00 PM ET ![](/sites/default/files/styles/carousel_2x/public/images/60e605b9dc1bc228eb96a11b_0_Qualcomm_VisualPosts_07.07.21-02.png) [Originally published by Axios](https://www.axios.com/sponsored/content-item/qualcomm-how-5g-will-become-the-underlying-foundation-of-the-u-s-economy) **5G is poised to generate up to $1.5 trillion in additional GDP** in the U.S. between 2021 and 2025, according to a new[ economic study by Accenture, commissioned by Qualcomm.](https://www.qualcomm.com/news/onq/2021/03/01/5g-driving-economic-growth-resiliency-and-sustainability-post-covid-economy) ‍ - **‍The GDP growth and labor market impacts** are expected to be felt virtually everywhere — across the U.S. and every industry. **What this means:** The fifth generation of wireless networking could have a transformative impact on the country’s economy and has the potential to fuel an engine of economic growth across sectors in a post-COVID-19 economy. **Why it’s important:** “5G isn’t just faster than 4G,” says Kirti Gupta, vice president of Economic Strategy at Qualcomm Incorporated. “It’s the railroads, the waterway, the airways of tomorrow. It’s the infrastructure of tomorrow.” - **‍5G enables applications** that are not possible with 4G — including support of massive IoT, remote control of equipment— with ultra-low latency and ultra-high reliability.[‍](https://www.qualcomm.com/join-us) - **[Qualcomm’s 5G breakthroughs](https://www.qualcomm.com/join-us)** can offer greater network capacity and support up to one million devices per square kilometer. **5G can help impact every industry** by creating new experiences and revenue streams, delivering cost and productivity benefits and supporting sustainability and resiliency. - **‍The new technology** provides a platform that enables greater innovation, according to associate director of Economic and County Risk at IHS Markit Karen Campbell, a firm that also closely studies 5G’s economic impact.‍ - **“And innovation increases** productivity, income, investment opportunities and jobs,” she added. **Accenture’s[ “The Impact of 5G on the United States Economy”](https://www.accenture.com/_acnmedia/PDF-146/Accenture-5G-WP-US.pdf#zoom=50)** reports that some of the sectors that will experience massive transformation include:‍ - **‍Manufacturing:** 5G-enabled factories can experience about 20-30% overall productivity gains.‍ - **Health care:** The expansion of telemedicine powered by 5G allows for more care to happen at home, where cost savings are greater than 30% and drive better patient outcomes.‍ - **Automotive:** Connected vehicle technologies have the potential to reduce the severity of non-impaired accidents by up to 80%, potentially saving $3.6 billion in collision costs. **The study also revealed** that “5G will generate significant employment throughout the economy.” **Key number:** Between 2021 and 2025, this wireless technology will create or transform up to **16 million jobs** across all sectors of the economy.‍‍ - **‍This includes** full-time, part-time and temporary jobs — and in many sectors, they represent high-quality employment at prevailing wages.‍ - **The nature of these jobs** will also change, including more data scientists, engineers and automation professionals. **The challenge:** The 5G economy introduces a new level of complexity to policymaking and regulations as new business models emerge and industries continue to transform digitally. **The report identifies several areas** that policymakers should consider to secure America’s role as a 5G leader:‍ - **‍Creating a 5G national strategy** for innovation, industrial and ecosystem support with IP legal protection.‍ - **Developing policies** to foster innovation and design within the 5G value chain.‍ - **Fostering a robust global supply chain** to power 5G use cases via trusted sources and reliable producers.‍ - **Accelerating network deployment,** including incentivizing mobile broadband investment in underserved areas.‍ - **Establishing subsidies and tax incentives** to encourage pilot projects that demonstrate the benefits of 5G.‍ - **Streamlining industry-specific processes and policymaking,** such as the approval process for medical devices and health care use cases. **The takeaway:** Qualcomm’s 5G breakthroughs can help ensure the global economy emerges from this pandemic even stronger than it was before. - “5G has the potential to get us over what could be a very devastating recessionary time and help us build economic resilience,” said Campbell. 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