Would you Believe that a Good Internet Speed can Change the World?
A good internet speed this is something most people enjoy and an unlucky few can only dream of.
The global standard set for internet speed is 5 MBPS. This is the acceptable level enjoyed by most of the world and it allows for seamless downloading and uploading of files, streaming videos online and the regular task of checking on emails and spending time on popular social media platforms.
For first world countries, the minimum speed is around 10 to 12 MBPS, maxing out at nearly 70 MBPS. That means these countries get to do everything faster and there is little to no downtime involved when performing tasks online.
On the other hand, third world countries and other underdeveloped nations have to contend with an internet speed at only a measly 1MBPS or less at the very minimum and barely breaking 3MBPS max.
What is the global impact felt with this huge disparity between Internet speeds?
Well, for one, that means these underdeveloped countries have long waiting times just to perform the most basic tasks online. Everything slows down to a crawl.
Would it be in the interest of these first world countries to level up the Internet speeds of these unfortunate nations? The answer: Yes!
We have entered into an age where telecommunications is the number one tool for productivity. Furthermore, most first world countries outsource their jobs to these underdeveloped nations in exchange for lower labour costs.
With cheaper manpower, these first world countries are able to raise their profit margins in exchange for lower overhead expenses. Still, with the low internet speed experienced by the countries they outsource their jobs to, the productivity is still considered a main issue.
Some have come up with the ingenious solution to assign priority lines to companies in the business process outsourcing sector. That solves one of the main issues regarding productivity.
Now there are other smaller companies who prefer to hire freelancers in India and the Philippines that arguably have the worst internet speed in the world. This is because these two countries have more manpower available with the desired skill sets to perform the tasks needed by these companies.
Once again, the question of productivity over manpower costs come into question.
With more people choosing to become freelancers in these countries, the lack of good internet speed and connection proves to be the main hindrance to their success. This is also one of the main reasons why there is a huge attrition when it comes to freelancers and keeping their online jobs.
This brings us to another question, which is very much related to the first priority question we asked: would it be in the interest of (at least) these two countries to provide better internet speed and service to their citizens. Once again, it is a resounding yes.
Because more and more people choose to focus on freelancing as a fulltime job instead of working on a regular 9 to 5 office position, the economy is going to suffer a huge hit. With lesser people opting to work in conventional jobs, this is going to result in a huge vacuum of employment and the accompanying taxation of employed individuals.
By offering a standardization rate for these freelancers to become registered taxpayers, the economy will be to sustain itself, but this also comes at a certain price. For these people to perform their daily duties (or work), they would need better internet service and speed.
One of the main solutions for this is to take out the privatized sector offering internet connection and instead make it more accessible to everyone. By doing so, people will be more open to paying for Internet service through their taxes, instead of worrying about highly overpriced Internet bills.
By opening up this service to everyone, there will be an added interest to go into freelancing, instead of working in an office. Now people have a choice when it comes to their earning capabilities. It also adds to the diversity in occupational choices all over the world.
If you look closely at the earning potential of a freelancer and someone who works in an office, then a freelancer has the ability to generate at the very minimum a 33% increase in profitability and productivity. Since there is no need for other operational expenses, a freelancer can also save more than a conventional office or office worker. There is no more need to commute to and from work which should help decongest the traffic (The Philippines and India are notorious for having the worst traffic situations in the world!) in these areas.
With the added influx of money coming in from abroad, commerce will thrive, leading to better business opportunities for those in the retail business. Opening the communication lines between these countries increases the chances of profit through tourism, exchange of goods and other trade opportunities. Simply put, the purchasing power of people increase through the necessary shot of financial gain in the country’s figurative arm.
This may sound a bit far-fetched, but a good internet speed and connection has the ability of changing people’s lives and with that also comes the change to the community and ultimately, the world.
All it needs for this dream to come true is a push in the right direction. People are already lobbying for better services and constant education has changed the perspective of people to what is doled out on a constant basis through popular media.
Once these things come to effect, will the world truly know that limiting such a useful resource is counter-productive to everyone’s economic growth?
In the end, would you consider what you have as good internet speed? Is it seriously limiting your ability to become a world citizen? As an individual, you have the power to change things and you can start doing that today by demanding for a good internet speed and connection. It is your right to demand for service as a tax paying individual.