The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By Bruce Mehlman
NEW YORK (TheStreet) -- Consumer confidence is plunging. Economic growth has stalled. Foreclosures persist, the European debt debacle continues, U.S. unemployment remains high and America's annual government deficits are north of a trillion. The global economy is a scary place.
Yet amid the financial doom and gloom, one bright spot remains: mobile broadband. Throughout the dot-com bust of 2001, the financial collapse of 2008 and the 2011 debt dip, broadband availability, adoption and innovation expanded steadily and impressively. Wireless data services barely existed in 2001; today, more than 300 million Americans subscribe.Wireless devices of a decade ago are museum relics compared with the current generation of smart phones, tablets and mobile appliances. Expanding wireless services will lead to critically-needed new jobs for our economy...as many as 771,000 according to Deloitte, both in the telecom industry directly and in the broader ecosystem of broadband-enabled jobs.
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