PERRYMAN: Going digital

first_img WhatsApp Twitter Pinterest Facebook PERRYMAN: Going digital Facebook WhatsApp Ray Perryman is the head of The Perryman Group and serves as a distinguished professor at the International Institute for Advanced Studies. During the past two decades, we’ve gone digital. The development of the internet and related technologies and advances in communications have changed the way we live and work, affecting virtually every aspect of our daily routines. The digital segment of the economy has been growing much faster than the overall pace, but up until recently, there wasn’t a good way to measure it.Even if we can agree on a definition of the “digital economy,” the rapid rate of change means that products important for a while become obsolete and new inventions come on the scene regularly. Even so, the U.S. Bureau of Economic Analysis (BEA) recently tackled the challenge, seeking input from researchers, analysts and experts to develop a measure of the digital segment of the economy.The three major components of the BEA’s definition are the digital-enabling infrastructure needed for a computer network to exist and operate (such as the internet, needed telecom equipment, and computer hardware and software); the digital transactions that take place using that system (“e-commerce”); and the content that digital economy users create and access (“digital media”).Between 2006 and 2016, the BEA estimates that the digital economy’s real value added grew at an average annual rate of 5.6 percent, far faster than the overall economy’s average pace of 1.5 percent. In 2016, the digital economy accounted for 6.5 percent of gross domestic product ($1.2 trillion) and 3.9 percent of employment (5.9 million jobs). This gap attests to the exceptional productivity found in this sector. Notably, the digital segment accounted for 6.7 percent of employee compensation. Employees working in the digital economy earned $114,275 in average annual compensation, substantially more than the overall average of $66,498 per worker.This activity is scattered across a number of industries. For example, while we have long been able to track the numbers of certain occupations that are clearly digital (such as computer systems design and related services), now we can also look at those in retail who focus on e-commerce or individuals in broadcasting who are digitally focused.Not only do jobs in the digital economy pay well, they are also becoming more numerous, with employment growth rates well above the national average. However, prices for digital economy goods and services have been falling thanks to technological advances and competition, which is contrary to the pattern of rising prices observed in most of the economy.Understanding the digital economy is important to businesses, policymakers, consumers, job seekers, analysts and others. Moreover, the competitiveness of the U.S. economy is integrally linked to this large and growing segment of the business complex. The definition will morph over time, but the dynamism will remain and no doubt guide much of our economic destiny. Local NewsBusiness Twitter Pinterest Previous articleCinco de Mayo parade kicks off celebration in OdessaNext articleHART: The Starbuck stops here admin By admin – May 6, 2018 last_img read more

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Ellsworth boys, girls race past Orono in openers

first_img Ellsworth runners compete in virtual Boston Marathon – September 16, 2020 Bio MPA approves golf, XC, field hockey, soccer; football, volleyball moved to spring – September 10, 2020 ELLSWORTH — With the long wait for basketball season behind them, the Ellsworth boys’ and girls’ basketball teams marked their much-anticipated returns to the court in style.Ellsworth’s boys’ and girls’ basketball teams rolled to decisive road wins against Orono over the weekend to begin their respective seasons 1-0. The wins marked refreshing returns to the court for both Ellsworth teams, which ended their 2016-17 seasons on losing streaks with losses in the prelims.The Ellsworth girls’ team took to the floor Friday night and sprinted out to a 20-6 lead in the first quarter. From there, the Eagles were able to coast to a 57-35 victory.Trinity Montigny and Katelynn Bagley combined for 23 points for Ellsworth (1-0), which got contributions from nearly every player on the roster throughout the course of the game. Ten of the Eagles’ 12 players scored, and the visitors shut down Orono on defense to secure the win.This is placeholder textThis is placeholder text“It was a pleasant surprise because you never know how well it’s going to go for you in that first game,” Ellsworth head coach Andy Pooler said. “Any time you hit seven 3s, you’re going to be in the driver’s seat. We’re normally a team that tries to pound the ball inside a little more, but we had all those open looks and made them count.”Prior to the season, Ellsworth players pointed to Orono as a measuring stick for the team’s potential. The Eagles’ 29-21 win over the Red Riots last year was a major part of their late-season turnaround, and with four straight road games coming up later this month, Pooler saw the game as a sign of what his team can do going forward.“From our starters to our bench, everybody did their jobs,” Pooler said. “When you can get that type of effort, hustle and shot making against a solid team in your first game, that’s always a huge, huge plus.”Less than 24 hours later, Ellsworth’s boys’ team registered an equally impressive win when it defeated a defending Class B North runner-up Orono squad 64-47. The game was moved from its original 5 p.m. start time to 3 p.m. as a result of the impending snowstorm that blanketed much of the state Saturday evening.Just as the girls’ team had done the night before, the visiting Eagles took the lead early and held on the rest of the way. Zach Harris scored 35 points in the much-needed win, which snapped a losing streak of four games dating back to last season.Sophomore Jackson Curtis was Ellsworth’s second-leading scorer with 16 points. Jared Hamilton added four points, and Brad Smith, Connor Crawford and Sam Giffin had three each.The Ellsworth boys were originally scheduled to play again Tuesday night, but their home opener against Old Town was pushed back to 5:30 p.m. tomorrow, Dec. 13, prior to the girls’ game at 7 p.m. Inclement weather made travel conditions Tuesday unsafe for the visiting Coyotes.After the games against Old Town, the boys’ and girls’ teams will return to action this weekend for rivalry matchups when they head on the road to face George Stevens Academy. The boys’ game begins at 7 p.m. Friday, Dec. 15, and the girls’ game tips off that time the following day.Update: The doubleheader between Ellsworth and Old Town scheduled for Wednesday was postponed following Regional School Unit 34’s decision to cancel school for weather-related reasons. The boys’ game will be made up at 7 p.m. Monday, Dec. 18, and the girls’ game will be made up that time Dec. 21. Latest Postscenter_img Mike MandellMike Mandell is the sports editor at The Ellsworth American and Mount Desert Islander. He began working for The American in August 2016. You can reach him via email at [email protected] Latest posts by Mike Mandell (see all) Hospice volunteers help families navigate grief and find hope – September 12, 2020last_img read more

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