Coronavirus and Its Impact on Technology
Many of us have been hearing about the outbreak of the coronavirus. Since it originated in China, many people have had a hard time traveling since the problem started. Many analysts and leaders are telling us that it is only a matter of time before the virus makes its way to America. It could leave some sort of stain on our economy and national health. The economy is already struggling as the virus grows stronger globally. This week in particular has been one of the worst since the 2008 financial crisis, with the Dow Futures dropping somewhere between 300 and 1,000 points all week. But, the Coronavirus could also have a huge impact on many of our lives technologically. In 2016, the Chinese government spent nearly $71 Billion on technological advancements. It is estimated that about 6% of US consumer spending goes to goods produced in China. Clearly, a large portion of our technology products are produced or conceived in China. But, many manufacturers and technology repa...