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digital economy

Hack the Pay Gap

Pay equality “power shifting” with Commerce data

“When women are not paid fairly,” President Obama said, “not only do they suffer, but so do their families.”

We at Commerce are excited to be part of the solution – and to have our work in harnessing our vast troves of data for innovation, job creation and advancing the public good recognized and made real. That’s why I’m so pleased that on July 19, Secretary Pritzker and US Chief Technology Officer Megan Smith hosted “Hack the Pay Gap Demo Day” at the White House showcasing our data access and usability efforts.

U.S. Department of Commerce Releases New Report On Digital Matching Firms

Report provides first-ever government definition of "digital matching firms" and initial assessment of growing sector's size and scope

WASHINGTON - Today, the Department of Commerce released a report titled: "Digital Matching Firms: A New Definition in the 'Sharing Economy' Space." The report provides the first-ever government definition of "digital matching firms," which are companies that use Internet and smartphone-enabled apps to match service providers with consumers, help ensure trust and quality assurance via peer-rating services, and rely on flexible service providers who, when necessary, use their own assets. The report provides an initial assessment of the sector's size and scope based on publicly available data of the largest firms in the industry. It also examines the potential effect of what is commonly known as the "sharing economy" on consumers and service providers.

Digital Matching Firms: A New Definition in the “Sharing Economy” Space

Office of the Chief Economist SealIncreasingly, consumers and independent service providers are engaging in transactions facilitated by an Internet-based platform. The digital firms that provide the platforms are often collectively referred to as belonging to the "sharing" or "collaborative" economies, among other descriptors.

New BEA Estimates of International Trade in Digitally Enabled Services

Information and communication technologies (ICT) are increasingly changing how firms do business, how people communicate, and how international transactions take place. In 2014, the United States exported close to $400 billion in potentially ICT-enabled services, representing more than half of all U.S. exports of services, according a new report about trends in ICT and potentially ICT-enabled services by the Bureau of Economic Analysis (BEA). The new BEA estimates are part of a larger Department of Commerce effort to better measure the digital economy and cross-border data flows. 

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