Rather than creating a whole new world from scratch which is what virtual reality does and we are still a long way away from achieving augmented reality incorporates digitally created, often real-time-controlled interactive elements directly into your view of the real world. The graphic design side of things will create a lot of new jobs as there will be a new market to supply for and if it becomes as popular as say your game consoles now it will help produce thousands of jobs. This could also create a new way to advertise as seen with the pepsi max bus shelter and opens up a whole new world of ideas to play around with.
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