Does U.S. Regulation Hurt Innovation?January 3rd, 2014 | Articles, Hiring Resources, Press Releases and Industry News | No Comments »
Whether you’re in the crowd that thinks 2013 was a lost year for tech innovation or a precursor to fantastical tech leaps, there are still interesting prospects for tech trends in 2014 just around the corner. In fact, some even speculate that the watershed moments of 2014 will set the tone for the entire decade. For the U.S. to be part of that forward movement, the prevailing attitude toward innovation may need to be reevaluated.
Federal regulations are considered by some members of Silicon Valley and the digital tech industry to be the bane of their existence. It has prompted idle talk about seceding from the Union (or at the very least gaining statehood) and has push some companies to establish more central bases of operations overseas. Ireland has become one particular haven for tech companies, with a lax tax climate and a laissez-faire approach to regulation. And at times, the United States has been criticized as allowing creative innovation to lag.
From 2000 to 2007, China doubled the total number of R&D researchers situated within its domestic companies. In the same period of time, the number of R&D researchers in the U.S. increased by less than 10 percent. Ireland has attracted Airbnb, Apple, LinkedIn, and Adobe as they search for a haven where they’ll fall under less legal scrutiny.
But are the U.S. policies all hostile toward technical innovation?
There are already positive measures being taken to adjust laws to coincide with advancements in driverless cars. The FAA is scrambling to solidify regulations for drones to fly everywhere throughout the United States. NASA is even closely collaborating with SpaceX, Virgin Galactic, and other privatized aeronautics companies to fuel further missions beyond the limits of the stratosphere.
So, the United States may not have hit the ground running but it is still striving to be part of forward innovation. 2014 promises to be an exciting year.
by James Walsh