The Economic Perspective: “The Next Big Technological Innovation”

Mary:  This is Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program looks at the next big technological innovation.  Mike, there’s been much talk about how the coronavirus will change the economy.  The end of ride sharing, the rise of remote working, and the decline of large gatherings have all been mentioned as examples of how our lives will change.   What technology could benefit from this new post-virus economy?

 

Mike:  Summary Answer

  • Virtualization
  • Being able to project a person and her senses to another place without moving
  • Could allow for the benefits of “being there” without actually being there
  • Already see in use for gaming
  • But could be much more – travel, meetings, shopping, events
  • Could be the “next big thing”
  • I’m MW

 

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics