Tech & Innovation Still Leaders in Job & Economic Growth
In the current economy, jobs can be scarce, but the technology industry has continuously been a leader in both job creation and economic growth. In the latest effort to boost employment rates, technology companies, including Microsoft, Hewlett-Packard and Broadband for America member AT&T, joined President Obama to announce a new effort to help military veterans find jobs. The proposal would provide tax credits for firms that hire unemployed veterans. The tech companies present at the announcement have already done their part to initiate job growth within their own firms.
Additionally, the tech industry has turned their attention to the congressional super committee tasked with reducing government spending. Technology companies have been one of the few areas of the economy that is currently expanding and leading the way to fiscal recovery. Since 2008, Broadband providers have invested more than $250 billion in the effort to expand access to broadband technology. It is important that lawmakers make recommendations that stimulate private-sector investment and avoid implementing burdensome regulations.
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As economic growth is
As economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. -Tire Works
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