If mismanaged, 5G tech ‘will increase economic inequality’

[webfact]

If mismanaged, 5G tech ‘will increase economic inequality’

By THE NATION

 

 

Fifth-generation (5G) technology will help improve the global economy in enormous ways, but improper management and operation could increase economic inequality in the world, Anusorn Tamajai, the director of the Economic and Business Research Centre for Reform at Rangsit University’s Institute of Economics, said.

 

“IHS Markit, the information company, estimated that 5G would help create value of around US$12.3 trillion [Bt384.45 trillion] for economies and businesses in 2035, as well as create 22 million jobs around the world,” he said.

 

“However, the estimated value would be possible if the technology was used globally,” Anusorn said. “The obstacle to this possibility is the inequality in technological development and access.”

 

The benefit Thailand would earn in 2035 from 5G auctioning, investment and services would be around Bt2.3 trillion, he said.

 

Investment in 2020 and 2021 is estimated to be at least Bt200 billion to Bt300 billion, while the technology would have a positive impact on such fields as medicine, communications, industry and lifestyles in the next two to three years.

 

“To operate 5G services with no practical plan or strategy would increase economic inequality, creating a negative impact on businesses that cannot adjust. Moreover, unemployment will rise for those who have no skills related to 5G,” Anusorn warned.

 

He also said that 5G and other technological advancements in the future would cause centralisation. 

 

“The administration must decentralise its power and increase democratic principles in economic and political matters in order to improve the economy and people’s lives,” he said.

 

5G licences should be limited, otherwise problems would arise as happened with the digital TV business, with entrepreneurs having to return their licences and claiming compensation, Anusorn added.

 

Source: https://www.nationthailand.com/news/30381946

 

-- © Copyright The Nation Thailand 2020-02-11

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[ChrisY1]

What do they mean by "If mismanaged".....I thought that would be a given!

[justin case]

23 hours ago, webfact said:

“IHS Markit, the information company, estimated that 5G would help create value of around US$12.3 trillion [Bt384.45 trillion] for economies and businesses in 2035, as well as create 22 million jobs around the world,” he said.

for telecom companies maybe

 

many scientific studies speak about HARM OF EMF for human health

 

but off course, PROFITS before health

 

corona anyone as an example

[Redline]

It’s guaranteed to happen.  More uprisings and revolution to come, as the rich get richer, and the poor get poorer 

[fforest1]

No I believe 5g will Kentucky Fry everyone equally........

Except if you live in Brussels which has banned 5g and is passing laws to make sure no one else can ban 5g......

[CGW]

7 minutes ago, fforest1 said:

No I believe 5g will Kentucky Fry everyone equally........

It's amazing! does anyone from the "general public" want or give a dam about 5g, but its being forced on us regardless that we know it is harmful, not only to us but "wildlife" as well! 

So why is being forced on us, what do they need to control with it, besides us! ????