1. The length of life keeps increasing.
http://blog.indeed.com/2016/06/22/global-economy-employment-trends/
People are living longer and working longer into there life. This then creates a push for more health care professionals to take care of these older people. This causes a huge opportunity in jobs for the younger generation.
2. The amount of time people spend at work is decreasing.
http://blog.indeed.com/2016/06/22/global-economy-employment-trends/
This amount of time decrease causes productivity growth to become lower while productivity rates are higher. So this problem can be lookin at from the growth and the rates. The growth becoming lower is the problem and if you increased the growth while also keeping the rates high is would lead to maximum efficiency.
Regulatory
1. Sales tax
https://www.businessnewsdaily.com/7671-regulatory-issues-changes.html
The issue is that e-commerce no longer has 0 sales tax. This effects a-lot because e-commerce is a booming sector than will now face the issue of lower prices to occupy the new tax.
2. Trade
https://www.businessnewsdaily.com/7671-regulatory-issues-changes.html
The Trump administration just let loose a-lot of new tariffs with the United States trading partners. This is an issue because tariffs affect US exports. These new policies and tariffs make trade a little more complicated so it would have been ideal to stock up before the tariffs hit.
These are some great examples. Your second example of economic trends reminded me of my labor market class. For your first example, I definitely agree with you; however, i think that it has both positive and negative effects on the younger generation. If older people are working longer, that means that they are holding the jobs that some younger people could have gotten. I hope you understand. Overall, you did a great job.
ReplyDeleteThese examples are great! One of the things I researched while working on this assignment was trade and tariffs as well. As you mentioned, this causes a big issue because tariffs affect US exports. Another trend that you mentioned that I found interesting was the amount of time people spend at work and how it is decreasing. I did not realize that this causes productivity growth to be lower.
ReplyDeleteI agree that the tariffs will make trade more difficult, but there are opportunities domestically that could come from the tariffs. The e-commerce tax is a big blow to companies like Amazon that thrive on online commerce, but it was to be expected because of the mass amount of trade online.
ReplyDeleteI agree that the zero e-commerce tax is detrimental to many online companies at this time. And I also agree on the opening of more jobs for health care professionals for the elderly.
ReplyDelete