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Photo: Verizon

Verizon announced that, starting Thursday, customers in its four 5G launch markets will be able to sign up for Internet service. The service will launch Oct. 1 in parts of Houston, Indianapolis, Los Angeles and Sacramento .

Be smart: Unlike 5G mobile service, which isn't due until next year, Verizon is using the wireless technology to deliver home Internet service.

The details:

  • Starting Thursday, people can check whether their homes are covered at FirstOn5G.com.
  • Customers will get three months free. After that Verizon Wireless subscribers will pay $50 per month, while non-wireless subscribers will pay $70 per month.
  • 5G Home customers will also get YouTube TV free the first three months (it will cost $40 per month after that) and also receive a free Apple TV 4K or Google Chromecast Ultra device when service is installed.

Verizon, like other major cell phone providers, plans to launch 5G mobile phone service next year. But it saw an opportunity to use an early version of the technology as a way to compete with cable and other providers in what's known as fixed wireless service.

Go deeper

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.