Assignment 6A Identifying Opportunities In Economic & Regulatory Trends
Economic Opportunity #1: Rise of artificial intelligence
- Source: https://www.nytimes.com/2018/01/30/business/economy/populist-politics-globalization.html?rref=collection%2Fsectioncollection%2Fbusiness-economy&action=click&contentCollection=economy®ion=stream&module=stream_unit&version=latest&contentPlacement=4&pgtype=sectionfront
- What: This article describes how artificial intelligence is going to take over traditional jobs such as truck driving, packaging, etc. I believe there is an opportunity here to re-train these workers so they do not get displaces and are prepared for new work. If a company was willing to explain the situation to these workers, they could train them to potentially work with AI or some other vocation so they do not become unemployed. An idea such as this one would probably even get subsidies from the government.
- Who: Any person affected by AI, especially low skilled, repetitive tasks.
- Difficulty: This is definitely a difficult task to undergo because you must first identify which sectors of the economy will be affected the most by AI. Additionally, you have to figure out what jobs these people could do once they are displaced.
- Why: I believe I saw this opportunity because I remember learning in economics about different types of unemployment and how people are displaced from their jobs, such as those who worked in blockbuster. I always remember saying why isnt the government or a private business telling these people and getting them prepared for what to do next. Its as if we do not want to spread awareness to the people who are going to be the most affected.
Economic Opportunity #2: Growing GDP Rate
- Source: https://www.nytimes.com/2018/01/26/business/economy/gdp-economy.html?rref=collection%2Fsectioncollection%2Fbusiness-economy&action=click&contentCollection=economy®ion=stream&module=stream_unit&version=latest&contentPlacement=2&pgtype=sectionfront
- What: This article describes how the US GDP is growing and that consumer spending is steadily increasing. Overall, demand is increasing and consumer confidence is rising. I believe there is an opportunity here for anyone to invest in an index fund. By doing so, you are basically betting that America will do well, and I believe that is a very smart decision.
- Who: Anyone wishing to invest and make money.
- Difficulty: Very easy. Anyone can go online and invest in a low fee index fund and just hold their money. You do not need to know about stocks to win.
- Why: I am now taking a business finance course so I am constantly thinking about investment opportunities. Seeing America doing so well makes me believe more and more that investing in America over the long term will always be profitable.
Regulatory Opportunity #1: Loosening Laws In Saudi Arabia
- Source: http://money.cnn.com/2018/02/01/news/saudi-arabia-women-jobs-passport-control/index.html?iid=hp-stack-dom
- What: This article describes how 107,000 women applied for a job with only 140 available positions. This showcases that women in this area are eager to get to work. I believe there could be an opportunity here to outsource American jobs to that area. With such a large potential labor force, companies can most likely get really great priced labor.
- Who: Any company wishing to lower prices.
- Difficulty: Potentially difficult. Whether or not the Saudi Arabian government would allow its women to work for American jobs is very hard to say. Probably not in the short term, but I do believe in the long term it could be very possible.
- Why: Again, I am thinking of economics here. You have such a high demand of women who want jobs, with such little supply. This is a classic case of shortages. Any business or government could cash in on this huge supply of labor, having more latitude on pay, benefits, etc. I think its a smart business move.
Regulatory Opportunity #2: Federal Spending On Infrastructure
- Source: https://www.nytimes.com/2018/01/31/us/politics/trump-infrastructure-plan.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news
- What: This article describes how Trump wants to spend 1.2 billion on fixing Americas infrastructure. The problem is that Congress does not know how to get that kind of money to spend. The opportunity here is simple, be the company that could tell the government, we can do it cheaper.
- Who: Any company who has the resources to competitively bid on such a project.
- Difficulty: Very hard. You would need to be a huge corporation.
- Why: As a person who reads the news fairly regularly, I am tired of watching Congress basically argue over the same things. I believe the government is horrible at doing these kinds of programs. I would love to see a private company come in and do it for much less.
The most interesting opportunity you came up with is the one with outsourcing jobs to Saudi Arabi. This is a very hot issue to mess with especially with the recent push to keep jobs in America. I like this opportunity though because it is something many won't think of and is something that looks at supply of HUMAN needs and not just the demand of one nations need. Women are trying to work and they should be able to work, no matter where that work comes from. Way to take a step back and find this opportunity.
ReplyDeleteI think the Saudi Arabia situation to be one with multiple different perspectives, but overall, clear with the potential for opportunity. With the demand for female labor so high, the initiative for companies across the globe to comply to the inherent demand can lead to a new avenue of available and efficient labor. However, the potential x-factor with any opportunity will be how the government responds to a larger female work population.
ReplyDeleteI really enjoyed reading about all of the opportunities that you found. I think the one about the rise in artificial intelligence is really interesting and I completely agree with you. I think that the people who are going to be the most affected need to be informed and prepared to find new jobs like you stated. I also thought the opportunity you found about the federal spending is really interesting. I think everyone can agree that there needs to be a lot of money invested into our infrastructure. But the big question is who is going to take on these challenges. I agree with you in that I believe that a private company should tackle them instead of the government.
ReplyDeleteI agree with some of the above comments that the Saudi Arabian opportunity is the most intriguing. With women joining the workforce there would be additional needs for them to have new professional attire, maybe a vehicle, and probably be consuming more food from restaurants while away from home. So many opportunities arise with women joining the labor force. Also, I wrote about spending on infrastructure as well and believe that it has a very diverse field of opportunities.
ReplyDelete