Identifying Opportunities in Economic & Regulatory Trends
- Baby Boomers aren’t retiring
– https://www.thebalance.com/top-usa-future-economic-trends-3305666
– I found this article on “The Balance” which discussed the top 5 economic trends in the U.S.
– I’m led to believe that this information suggests an opportunity might exist because baby boomer makes up the bulk of our population. If the boomers continue to work, retirement benefits will not plummet as significantly as it has been projected and might even grow for future generations. This will also allow for employment rates to rise.
– The customer that would most likely be affected by this would be everyday shoppers because companies will not have the issue of being short staffed.
– This opportunity would be somewhat difficult to exploit regardless of the benefit that it may have in regards to social security and other expenses. Some companies may force individuals to retire regardless if they want to or not.
– I saw the opportunity with this trend because I personally know individuals who have officially retired but still continue to work. From the perspective of that individual, if gives them a satisfactory feeling that they are still contributing to society so that it runs efficiently.
- U.S Interest Rates are rising
– http://time.com/money/5075669/economic-trends-2018/
– I found this article in the New York Times in the money and investing section
– This information suggests that the there is an opportunity for employment to increase and provide jobs for a significant amount of people. The article states that due the increase in interest rates, the unemployment rate has significantly dropped.
– The party that will be affected by this opportunity is job seekers. The economy is significantly better than it was during the recession.
– This opportunity will be relatively easy to exploit because there will be an increased cash flow within the economy that will allow for the feasibility of more jobs. This opportunity will also allow for investors to profit from their savings because the increased interest rates will allow for higher returns on their investments
– I saw this opportunity as I am currently an individual who has money in savings and sees the direct benefit of having interest rates increased. Though if you are a borrower, this may not be as beneficial. As a college student, who would be struggling to find a job had it been 10 years ago, I see the upsurge in available jobs in the current market.
Regulations
- Upgrading Network Bandwidth to 5G
– http://en.finance.sia-partners.com/20170514/update-5g-liquidity-reporting-requirements-and-framework
– I found this opportunity after having a discussion in one of my classes about the next generation of mobile technology. With that knowledge, I proceeded to research more about it.
– 5G technology will provide an opportunity for to businesses as well as consumers. It will allow for the instant transmission of data to make processes more efficient.
– The party that would be affected by this the opportunity the most is are businesses
– The opportunity is not so easy to exploit as it will take years to upgrade network systems. It took years for 4G/ LTE networks to get established there 5G is something that will take time to implement as well.
– As a person who currently is a user of 4G/LTE, I am aware of the lag that it has. I have always been told that there will always be room for improvement. From what analyst are saying the that 5G has the possibility of reaching global needs with seconds, it’s clear that the transition to this technology is critical in the future as the current technology isn’t meeting our current demands
- Standard Backup cameras for 2018
– https://www.autotrader.com/car-news/new-backup-camera-rule-cameras-will-be-mandatory-by-2018-223739
– I am a car enthusiast, therefore I keep up with a lot of news related to the automotive industry. I found this regulation after looking up safety regulations for 2018
– This regulatory change will allow the roads to be safer as the National Highway Traffic Safety Administration mandates that all automaker equip their cars with back up cameras
– The party that will be affected by this are the consumers of automobiles. A significant number of auto accidents happen in parking lots because drivers cannot see behind them. This will make driving safer.
– The opportunity will be easy to exploit because automakers will simply have to add it as a standard feature for their cars beginning in 2018. For cars that have been sold before that that do not have back up cameras, they can be easily retrofitted to your vehicle at your local electronics shop.
– I saw this opportunity because I saw the issue that existed before the regulation was set in place. It is my belief that the board member at the National Highway Traffic Safety Administration had the same idea. I am a victim of a parking lot accident, therefore I see the benefit in making back up cameras a federal regulation.
#Assignment 6