‘Re-Launch:’ Post-pandemic economy could create a new independent lifestyle

Editor’s observe: Dr. Mike Walden is a Reynolds Distinguished Professor Emeritus at North Carolina Point out College and is a regular contributor to WRAL TechWire.


RALEIGH – Remote do the job, tele-medicine, length finding out, drone shipping – these are some of the ideas that arrived to life during the pandemic.  If they consider hold – as numerous futurists consider they by now have – a new type of way of life could be made.  Even though it will not be the fashion suited for all people, it could be a lifestyle that enhances a lot of families’ funds, time management, and enjoyment of existence.

In actuality, I assume the new life-style could be this sort of a game changer that I have published an complete book about it.   The title is Re-Start: Renewing People and Reviving the American Desire in the New Independent Life style of the Post-Pandemic Overall economy, and it is now obtainable.

Dr. Mike Walden’s new book: “Re-Launch”

What do I mean by the “New Unbiased Way of life?”  Prior to answering, I require to back again up and describe the life style that has progressed in the 21st century.

The 21st century has been a time of great advancement for metropolitan parts.  Increasing industries like tech, finance, and wellbeing care have mostly located in metro regions to be near to faculties, universities, and a bigger-educated workforce.  At the exact same time, numerous modest towns and rural regions have declined as the production companies they relied on couldn’t contend with decreased-cost overseas producers.

The progress in metro locations has occur with two fees.  1 is housing charges.  As additional folks and businesses have moved to city areas, competitors for confined real estate has brought about house rates and rents to soar.  Without a doubt, housing prices have outpaced relatives income in the earlier two many years by a component of 2 to 1.

The next expense is commuting.  Confined availability and increased charges of authentic estate have brought on numerous family members to locate in the outer sections of the metropolitan location, usually considerably farther from their work destinations.  The final result is longer and much more highly-priced function commutes.

NCSU photo

Dr. Mike Walden

The bottom line is that people have been experiencing tension on both equally of their key resources – dollars and time.  Housing is having a lot more of their income and commuting is applying additional of their time.   This circumstance is significantly tough for family members with youngsters, where both equally dollars and time are normally limited.

Now, believe about this option.  What if the earners in a relatives worked remotely most of the time.   The family members could then be no cost to stay exterior the high priced metro spots in a little town or rural area.  For homebuyers, the selling price of a property of a provided dimensions and features could value half as significantly in a rural region than in a metropolitan location, therefore generating tremendous financial price savings for the customer.   I estimate these price savings as well as many others could outcome in regular monthly budgetary personal savings of around 20% to the family members residing in a remote (rural or compact city) area versus a metropolitan location.

There would also be time savings to the remote-living family members.  Lowered commuting to get the job done will save remote staff quite a few hrs for each 7 days, time that could be devoted to kid-rearing, household chores, or just peace.  Dad and mom with pre-university kids could substitute some of their new-observed time for paid out childcare, therefore cutting down another main expenditure.

But what about access to health care treatment, searching, and schooling for distant-residing homes?  This is wherever innovations like tele-medicine, drone shipping and delivery of packages, and distance training arrive in.  Each and every will be further enhanced in coming a long time and let those people – who want to – consider benefit of the New Unbiased Life-style.

Why do I connect with remote residing the New Impartial Lifestyle?  Mainly because it frees family members from remaining compelled to pay high costs to stay in metro areas or enduring very long commutes if they really don’t.  Households will now have a alternative.

But is the New Independent Life-style only for a pick out group of personnel utilized in sectors like tech, finance, and the professions?  For now, likely sure.  But futurists say with the improvement of innovative robots, some staff in construction and the crafts could function by remotely managing robots.

Of class, for the New Independent Life style to be a fact, reputable large-speed world wide web must be universally available in distant parts.  It is not now, but I’m self-assured that a mixture of traditional net and world-wide-web from new very low-orbiting satellites will make internet service accessible to absolutely everyone by 2030.

Lastly, even homes picking out to stay in metropolitan areas will reward from those people next the New Independent Way of life.   Each family that chooses a distant locale above a metro place is a person significantly less family members competing for minimal house in massive cities and their suburbs and adding to street congestion.   As a end result, there will be fewer tension on housing selling prices and traffic in metropolitan locations.

So, 1 final result of the pandemic may well be a new way to dwell – the New Impartial Lifestyle.  You can study about it in my new reserve, RE-Start.