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The Almighty Buck

+ - Economic Impact of Tech Understated, Study Says

Submitted by
narramissic
narramissic writes "A report released this week by the Information Technology and Innovation Foundation (ITIF), a pro-technology think tank, claims that in addition to creating higher-paying jobs, allowing businesses to cut costs, and creating opportunity for innovation, IT was responsible for nearly all of the U.S. worker productivity growth between 1995 and 2002. At a forum in Washington, D.C., the report's co-author and ITIF president Robert Atkinson warned lawmakers that there will be a 'significant cost to the economy if you hinder digital transformation' and called on the government to spur IT adoption in several industries, including health care, banking and transportation."

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