Tech
Why Internet Access Is Slow And Costly In The U.S.
People in the U.S. frequently pay more for slower internet service than people abroad, according to a report from the Open Technology Institute. Lawmakers in Washington are attempting to address the high price of internet service, as well as the lack of access for many low income families, by deeming internet access infrastructure. Here’s why high speed internet is so expensive in the U.S., why so many Americans struggle to gain access and what policymakers can do about it.”
Chapters
0:00 – Introduction
1:55 – Prices
4:22 – Economic impact
6:39 – Lack of competition
9:54 – Solutions
A chunk of Americans are having trouble accessing the internet, even as online access becomes more integral to everyday life.
A survey conducted earlier this year by the Pew Research Center found that 7% of Americans lack access to reliable broadband. One reason for this may be how expensive internet access is in the U.S.
“People in the U.S. pay more for slower internet than people abroad,” Open Technology Institute policy analyst Claire Park said. “For many consumers, the cost of getting online right now is simply too high and also too complicated.”
The Open Technology Institute has been studying the price and speed of internet services advertised within the United States as well as abroad. Its 2020 Cost of Connectivity Report found that the average advertised monthly cost of internet in the U.S. is $68.38, which is higher than the average price of internet access for all of North America, Europe and Asia.
Outdated infrastructure in the U.S. may also be impeding internet access to millions of Americans, and lawmakers have been debating how to increase internet availability and performance.
The U.S. Senate passed the Infrastructure Investment and Jobs Act in August, which includes $65 billion dollars to expand high-speed internet access. The legislation introduces policies that are meant to encourage competition among providers, increase transparency about pricing and upgrade broadband infrastructure.
While the legislation easily passed the Senate, it hit some snags in the Democratic-controlled House. The vote has been pushed back several times as Democrats hammer out details on the wider bill.
To be sure, greater internet access could boost U.S. economic growth. A report published in April by Deloitte found that a 10 percentage point increase in broadband access could have resulted in more than 875,000 additional U.S. jobs in 2014 as well as $186 billion more in economic output in 2019.
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Why Internet Access Is Slow And Costly In The U.S.
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Tuesday is John Ternus’ first day as CEO of Apple, following Tim Cook’s 15-year run as the top leader. Ternus is a 25-year company veteran and was Apple’s senior VP of hardware engineering. Ternus takes over as Apple confronts major challenges due to soaring memory costs and the company’s precarious position in AI. CNBC technology reporters Kif Leswing and MacKenzie Sigalos discuss what’s next for the iPhone maker and what to expect from Ternus and Cook in their new roles.
Topics:
00:00 Introduction
00:14 Who is John Ternus?
00:59 AI era
3:00 What to expect from September 9th event
6:40 Tim Cook’s role
8:33 Smooth transition
11:18 Siri AI
15:12 Competition
16:59 ‘Expect no changes’
19:45 The importance of the Mac
22:07 Biggest challenge
Reporters MacKenzie Sigalos, Kif Leswing
Edited by Erin Black
Camera by Andrew Evers
Senior Director of Video Jeniece Pettitt
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Apple’s John Ternus Era Begins — Here’s What To Expect
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Taylor Farms has been linked to cyclosporiasis and salmonella outbreaks this summer. After years of consolidation, experts say the company’s ability to control every stage of the supply chain has made it indispensable to grocers and restaurant chains, while raising the stakes for consumers when things go wrong. CNBC food and wellness reporter Brandon Gomez explains how the U.S. became so reliant on Taylor Farms.
Chapters:
0:00 Introduction
1:40 Chapter 1: Concentration of risk
6:35 Chapter 2: Food giants’ reliance on Taylor Farms
7:30 Chapter 3: Does America have a better option?
CREDITS:
Reporting by: Brandon Gomez
Produced by: Ryan Baker
Edited by: Darren Geeter, Andrea Miller
Camera and Additional Reporting: Natalie Rice
Animation by: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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How The U.S Became So Dependent On Taylor Farms
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Is live-streaming going to be the next big thing that occupies everyone’s time on social media? Meerkat and Periscope, two new apps, are betting so. CNBC’s Dominic Chu compares the platforms.
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Meerkat vs. Periscope: Live-Streaming Apps | Tech Bet | CNBC
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Meta has quietly rolled out the most sophisticated version of its Muse Spark AI model, which deploys multiple agents to research and synthesize a consolidated answer. CNBC’s Julia Boorstin has more.
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Tesla chief executive fires back at Mobileye on safety concern accusations.
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