Vision - September/October 2008 - (Page 7)

industry are reliant on healthy and robust international trade. Technology and trade go hand-in-hand in ensuring a bright future for the U.S. As Ben Bernanke, the current chairman of the Federal Reserve recently put it, “hindering the adoption of new technologies or inhibiting trade flows would do far more harm than good, as technology and trade are critical sources of overall economic growth and of increases in the standard of living.” Technology and international trade have had a pronounced effect on the U.S. economy. These effects extend well beyond just the jobs reliant on the industry’s health and the output and value-add created by these workers. The tangible effects of the industry are evident as the PWC report makes clear. But technology also has driven productivity gains and increased living standards across the U.S. specifically and the global economy in general. Even given significant headwinds throughout the global economy in the form Consumer Electronics Impact the U.S. Economy BILLIONS OF DOLLARS Total Output $2,630B MILLIONS OF JOBS Value Added $1,329B Labor Compensation $936B Employment 15.4M Tax Payments $0 $321B $500 $1,000 $1,500 $2,000 $2,500 $3,000 0 2 4 6 8 10 12 14 16 18 Source: PricewaterhouseCoopers � Direct � Induced and indirect of elevated energy and food costs, housing market malaise and dismally low consumer confidence, the CE sector is set to close another strong year of growth with the highest aggregate output in history. To fulfill the promise of a healthy tomorrow, we must ensure innovation, the heart and soul of this sector, can continue to ride the wings of international trade and disseminate the enumerable benefits of technology across the globe. The PWC report can be viewed in its entirety at www.CE.org/economics. • COMPETE FOR TOP HONORS AGAINST THE INDUSTRY’S FINEST DESIGNERS AND ENGINEERS. Lots of ideas make it off the drawing board. Only the BEST it to make INNOVATIONS. Being a 2009 International CES® Innovations Honoree showcases your best work and bestows the recognition you deserve. See your product featured among the most creative in the industry at the prestigious International CES Innovations 2009 Design and Engineering Awards Showcase. Earn accolades from your peers. Generate global media buzz. The Innovations 2009 Design and Engineering Awards Call for Entries is open. Enter before September 24, 2008, at CESweb.org/ Innovations—act by September 5, 2008, and save $200 on the entry fee! Entry Dates: August 18–September 24 Early-bird Savings: By September 5 Judging: October 8–19 Entrants Notiﬁed: October 31 Honorees Announced: November 11, New York Innovations Showcase: January 8–11, 2009 CESweb.org/Innovations Innovations@CE.org Presented by Endorsed by Powered by www.ce.org September/October 2008 7 http://www.CE.org/economics http://CESweb.org/Innovations http://CESweb.org/Innovations http://CESweb.org/Innovations http://CESweb.org/Innovations http://www.ce.org

Table of Contents Feed for the Digital Edition of Vision - September/October 2008

Vision - September/October 2008 Contents Shapiro's Spectrum In this Issue The Economist Visionary C4 Trends Coming to a Neighborhood Near You IPv6: Connecting People and Things Israelis Spend Big on the Latest CE Devices Tech Speak Tech Policy CEA Newsline Going Global Eye on Business Market Insider Just the Stats

Vision - September/October 2008

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