AT&T Counters Google Fiber In Austin, Says It Invests “More Than Any Other Public Company” Into U.S. Communities
In the worst kept secret in Austin history, Google announced in conjunction with the city that it would be the second location to get Google’s Fiber offering. Just a few hours after that announcement, AT&T made its own plans known for Austin, and it includes (surprise) 1 Gigabit Fiber as well. This ties to its previously announcement on of the VIP expansion project for broadband access. The “advanced fiber optic infrastructure” will be given the same treatment that Google has gotten, which we’re told is just access to build out and work with the city, meaning no financial incentives are involved. Here’s what Randall Stephenson, AT&T chairman and CEO, had to say in a release today: Most encouraging is the recognition by government officials that policies which eliminate unnecessary regulation, lower costs and speed infrastructure deployment, can be a meaningful catalyst to additional investment in advanced networks which drives employment and economic growth. Since rumors about ...
If Tech Is So Important, Why Are IT Wages Flat?
dcblogs writes "Despite the fact that technology plays an increasingly important role in the economy, IT wages remain persistently flat. This may be tech's inconvenient truth. In 2000, the average hourly wage was $37.27 in computer and math occupations for workers with at least a bachelor's degree. In 2011, it was $39.24, adjusted for inflation, according to a new report by the Economic Policy Institute. That translates to an average wage increase of less than a half percent a year. In real terms, IT wages overall have gone up by $1.97 an hour in just over 10 years, according to the EPI. Data from professional staffing firm Yoh shows wages in decline. In its latest measure for week 12 of 2012, the hourly wages were $31.45 and in 2010, for the same week, at $31.78. The worker who earned $31.78 in 2010 would need to make $33.71 today to stay even with inflation. Wages vary by skill and this data is broad. The unemployment rate for tech has been in the 3-4% range, but EPI says full employment ...
Found more than 1 month ago on channel Slashdot
65 Years of Tax Cuts for the Wealthy Created Record 'Inequality' Not 'Prosperity,' says Report
A new study by the non-partisan Congressional Research Service, which reviewed nearly 65 years of US tax policy and its impact on the overall economy, has found that though cutting the effective tax rate for the nation's wealthiest is a great way to increase undesireable economic inequality, it does not—as Republican rhetoric so frequently claims—do anything to boost employment or fuel economic growth.
Independents say Obama hurts job creation
WASHINGTON - With President Barack Obama and Republican challenger Mitt Romney delivering dueling visions for the U.S. economy in speeches on Thursday, a majority of independents said that Obama's policies have made it harder for Americans to gain employment, a Reuters/Ipsos poll showed on Friday.
Found more than 1 month ago on channel Reuters