Innovation Movement Debuts Spectrum Crunch Clock
The Consumer Electronics Association's Innovation Movement Thursday unveiled its new Spectrum Crunch Clock. Similar to the National Debt Clock, the new clock measures "the lost opportunity costs to the U.S. economy and consumers with every minute we delay responsibly managing our nation's spectrum resources," CEA said.
The clock calculates $14,444 per minute, tracing its beginning back to the launch of the National Broadband Plan in March 2010. The clock as of Wednesday morning measured $34.4 billion.
"Each minute the spectrum is not reallocated to higher value services, the American public is realizing a lost opportunity cost of $14,444, or $7.6 billion each year," the Innovation Movement said in a statement.