6a Identifying Opportunities in Economic & Regulatory Trends

Economic trends: Shifting Workforce Demographics
Source: https://commercial.jpmorganchase.com/pages/commercial-banking/executive-connect/six-key-economic-trends

• I believe that there is an opportunity here because the trend shows that as more of the "baby-boomer" generation moves out of the workforce, more jobs will become available to the ever growing market.
• The prototypical customer here is the working class in the generations following the baby-boomers. And as more jobs open, more trades and careers will be need to be filled.
• This opportunity would be easy to exploit for several reasons. More jobs being created with more people needing jobs is beneficial. Also, as more people go to work, more people will be strengthening the economy, adding opportunity.
• I saw the opportunity because I have seen the effect of the baby-boomer on the job selection process. My dad had trouble finding working and was in and out of work during the early 2010's, even though he had a degree and was working a special trade job.

Economic trends: Climate change is causing more natural disasters
Source: https://www.thebalance.com/top-usa-future-economic-trends-3305666

• I believe that there an opportunity here because the article points out that as more natural disasters occur more has to be done to either prevent damage or restore the damage. There was a 25% increase in money pent on disasters in america from 2017 to 2018.
• The prototypical customer for this opportunity is the government and those effected by or in harms way of natural disasters.
• This opportunity would be easy to exploit to because there will always be disasters and a need to correct them. It would be hard to figure out how and what to do, but there is deffinetly a market as long as nature exists.
• I think this opportunity is easy to see especially recently with the California wildfires that have devastated stated the west coast. Also, closer to home, the panhandle of Florida is still recovering from the hurricanes in 2018.

Regulatory changes: Minimum wage increases
Source: https://www.foxbusiness.com/economy/minimum-wages-set-to-increase-in-these-20-states-in-2019

• I believe that there is an opportunity here because the increase in wages means that there could be an increase in spending in the 20 states that changed their wadges at the start of the year. 
• The prototypical customer here would be all who benefited from the wage increase.
• I think that exploiting this opportunity would be very easy. The more money in the pockets of buyers would mean more opportunities for producers to have their goods and services used.
• I saw this opportunity because I was directly impacted by the wage increase. I was given a 25 cent raise at work, and even though that seems small, it adds up, and due to that i am more inclined to spend my money on things that I would not have considered before.

Regulatory changes: Increasing Environmental Regulations
Source: https://www.uschamber.com/regulations/increasing-environmental-regulations

• I believe that there is an opportunity here because as regulations on the environment and waste production increase, there becomes a need for ways to adhere to new regulations.
• The prototypical customer here would be the government, oil companies, car companies, waste plants, and energy plants, along with all other groups that are on the edge of adhering to the new regulations.
• I think that exploiting this opportunity would be relatively hard because it seems that the more the government and other public agencies push for environmental change, there is always a lot of backlash from those effected by the regulations.
• This opportunity was fairly easy for me to see because my dad currently designs wind turbines for a company in Ohio. As part of that, they seem to grow as more regulation are put on the different companies housed in Ohio like Ball Jar, and Cooper Farms.