ITIF president Rob Atkinson's presentation to the 2012 World Computer Congress on September 24, 2012.
In the Age of Big Data, the American Information Sector Stays Small
IT-enabled information jobs deliver tremendous scale, leverage, and productivity gains. We wouldn't want 100,000s of people manually and inefficiently looking up search terms on the Internet or connecting people with their friends. That's why Google and Facebook need only relatively small staffs to produce enormous value for society.
In other words, we shouldn't judge the impact of the information sector on the number of jobs in the specific information sector as its impact on the employment landscape touches many other traditional industries.
MCX Announcement Highlights Growing U.S. Interest in NFC-Based Mobile Payments
The announcement that more than a dozen retailers have announced plans to create a mobile-payments system called Merchant Customer Exchange (MCX) highlights the growing interest in near-field communications (NFC)-based mobile payment solutions in the United States, a field in which the United States has trailed several Asian countries. The competition this will create with Isis—a mobile-payments solution being developed by AT&T Mobility, T-Mobile USA, and Verizon—Google Wallet, Square, and others will drive innovation and growth in the nascent industry while encouraging competitors to develop solutions delivering maximum value for consumers.