The wireless carriers’ investment in 4G networks could be the salve that the ailing U.S. economy is looking for. The carriers could invest between $25 billion and $53 billion in building out their 4G network through 2016, according to a study from Deloitte. That in turn could lead to the creation of 371,000 to 771,000 jobs, and gross domestic product growth of $73 billion to $151 billion.
The rise of 4G networks could provide some support for an economy still struggling to recover, and which some believe is slipping back into a recession. The recent bitter political struggle to raise the national debt ceiling, the sharp declines in the stock market, and the continued high rate of unemployment have many still concerned.