No economic impact of faster broadband
In a retrospective look, George Ford of the Phoenix Center finds, "no economic payoff from the 15 Mbps speed difference." He's comparing 10 Mbps versus 25 Mbps broadband speeds in 2013-2015 in the U.S. Better broadband is great, but economic claims range from well-paid gibberish to essentially unproven. (My gut is there is an effect, but it's too small to prove. Those "1.3% of GDP" type figures are absolutely unsupportable and embarrassing when quoted.)
Anyone with common sense can see this is on target. Few websites run over a megabit or three. 10 megabits is enough for 2 HD videos, plenty of surfing/homework, and five music channels. Higher speeds are great for pirating music, playing games, watching 3-5 HD TV (or sharp 4K TV,) and folks like Jennie, who does video professionally. But Jennie's business wouldn't suffer greatly if occasionally her uploads run overnight.
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