GPS Technology, also known as Global Positioning System is a technology that affects almost everyone today in America. We all have GPS on our smart phones or in our cars.
While these are some of the more basic uses that many of us encounter daily, GPS is used by a wide variety of other industries that affect our lives. Aviation, construction, banking and farming are just a few other industries that extensively use GPS technology. Entire markets have been created and many private companies have profited and benefited from the development of GPS. IBM, Apple, AT&T, Verizon, Boeing, Lockheed Martin, GE, Qualcomm, Sprint, Nokia, ExxonMobile, are just some of the more popular companies that have been a part of or benefit from the GPS market. There are thousands of more companies that use GPS. The emergence of GPS and the markets it has created also led to the creation of thousands of jobs and billions of dollars in GDP growth and profits for private companies.
So, where did GPS come from? It was developed mostly in the 1960s by the U.S. Department of Defense. After being developed for military purposes, its benefits to society for other applications was realized and therefore shared with the public. The GPS system is still run by the government and the satellites in use by the GPS are all government provided.
That’s right, it’s your tax dollars that helped develop and bring to light this amazing technology. Every time you click your “Maps” program on your phone or enter in an address while driving, remember it’s your tax dollars which allows you to do these wonderful things. Everyone whose job involves GPS, every shareholder for every company that profits from the use of GPS, should realize that this is all possible because of our collective tax dollars and government spending.
Spending which may have seemed like a waste at the time but eventually benefits everyone, public and private.