COVID and Free Market Economy: Jay Ostritch Talks About Recent Innovations
Reading, PA - ( NewMediaWire ) - September 03, 2020 - COVID-19 has changed the world in a multitude of ways. According to Jay Ostrich, the free market economy has helped to spur technological innovations in many areas, because it adapts to the demands placed on it. He cites remote work, online learning, and telemedicine as a few advances that will continue to grow post-pandemic.
Jay Ostrich Shares Thoughts on Remote Work and Learning
Jay Ostrich says remote work is changing the way the world works. Studies show that over half of all jobs are compatible with working from home at least part of the time. Before coronavirus, working from home was the exception. It’s become the norm during quarantine, and it’s expected to stick around to some degree. Forecasts say that they expect 25-30% of people to work from home half the time or more after the pandemic ends, compared to just 3% before the pandemic.
Greater access to technology, particularly platforms for workplace collaboration, have helped make this possible. Jay Ostrich expects remote learning to be here long-term as well, which is good news for parents and students who know far too well that one size does not fit all when it comes to kids. A hybrid approach is now being favored, and it can be beneficial in a post-pandemic world. The bottom line is that some students learn better at home and that parents should have a free-market choice of where their dollars should be spent.
Jay Ostrich says small businesses are suffering in Pennsylvania because of the pandemic and bigger government is not the best answer. There is a need for urgent reform. Lawmakers could fund “back on track” education scholarships to help parents afford a semester of private school, tutoring, or other supports to help their kids catch up academically AND enable parents to go back to work.
Jay Ostrich notes that telehealth was just beginning to gain popularity before the pandemic. Now, it’s common to see your doctor via a video chat instead of an in-person visit. Greater data security has helped make this possible. However, medicine is also becoming data-driven and personalized. Data can be used to create treatment plans tailored to the individual.
Genomics and AI technology paired with wearable data devices like fit bits and smartwatches will change the future of medicine, according to Jay Ostrich. Your doctor will determine what diseases you are at high risk for and which medications will work the best for your body. Telehealth has worked well for many Veterans, searching for continuity and immediacy of care during the pandemic.