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Saturday, February 4, 2023

Most Support Increased Tech Industry Regulation


According to a recent YouGov survey, Americans are only somewhat aware of these job losses, with most seeing the tech industry's job market as comparable to the U.S. job market overall. 


At the same time, about half of Americans believe that the tech industry is currently in a "bubble," with companies being overvalued, and many believe that the bubble is already bursting or will burst within the next year. Support for increased government regulation of the tech industry exists among majorities of Americans belonging to each of a wide range of groups.


Most people also want the government to play a larger role in the functioning of the U.S. tech sector. Nearly two-thirds of Americans believe the tech industry should be more strictly regulated, including 29% who say it should be much more regulated and 35% who say it should be somewhat more regulated. Just 10% support less regulation and 8% want no change. Majority support for at least some increase in regulation of the tech industry is found within all political parties, age groups, and education levels examined.

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