1.) Delays/travel cancellations (East Coast blizzard is causing thousands of flight delays..)
http://www.turnto23.com/news/local-news/east-coast-blizzard-is-causing-thousands-of-flight-delays-and-even-more-stranded-travelers
Story: All over the US, travelers have been experiencing delays to their flight or even cancellations due to weather of late. Businesses who rely heavily on tourists and those who have meeting to get to have been affected greatly. I can't imagine the frustration, if my flight was canceled and I had to get somewhere on time.
Here in Orlando, the biggest PGA Golf convention is happening this week and a lot of exhibitors were supposed to get here on the 23rd but were stuck in airports all over the US. I believe mother nature sometimes causes a lot of headaches to a lot of headaches.
2.) Raising Minimum Wage (Raising minimum wage would cost a million people their jobs)
http://nypost.com/2015/11/14/raising-minimum-wage-would-cost-a-million-people-their-jobs/
Story: First, I'm not an economist. However, I do believe this article is spot on about a couple major points regarding raising the minimum wage. The writer believes that the average American workers are underpaid but raising the minimum wage to $15 is not the solution. Instead of doing good for the American people, he believes that it will actually cut around half a million jobs. I understand that a lot of minimum wage workers wants to see an increase in their paychecks but if it means people losing jobs, I'm not for it. This topic will affect a lot of businesses and a lot of Americans who live paycheck to paycheck.
3.) Ever changing technology/Tech Disruptions (5 technologies that blur the line between robot and human) http://www.job.com/career-advice/tech-news/5-technologies-that-blur-the-line-between-robot-and-human.html
Story: It seems like everyday that I see stories of new upcoming technology on the news, in stores and online. Smartphones are adding new features, machines are swapping out the human touch with robotic/automated services, cars that park and drive on its own, and even drones that can deliver items to your own backyard! These are only a few things that the writer touches on but there are so many other technology that changes the way we live and I believe it will increase productivity. For those companies that have been the front runners of drones and other things like VR/AR will soon be seeing the hard work that they put in pay off. Especially with companies that makes drones, if some laws regarding the safety of drones are changed, the return seems endless. I look forward to seeing what comes next.
4.) Social media (Benefits of Social Media for Small Businesses)
http://www.business2community.com/small-business/benefits-social-media-small-businesses-01431621#Z6BJAUcD24TRr7GJ.97
Story: The article explains the benefits businesses can have when using social media. The game has changed and now small businesses can get there name/brand/item into the market due to a more playing field by using social media.
Creating a relationship with customers and reaching to your audience became simpler and the good thing is that its relatively non costly. Due to this reason, you can see that almost every company has their own twitter, Facebook, Instagram, and Snapchat that can quickly and effectively reach their fans/loyal customers very quickly.
I hope in the future, students like us, won't fail to realize the importance of using social media when entering the world of entrepreneurship and recognize the limitless opportunity it can create!
5.) Faster Travel (Hyperloop Race Picks up Speed)
http://www.wsj.com/articles/hyperloop-race-picks-up-speed-1453426042
Story: Imagine traveling 760 miles and hour, getting from Los Angeles to San Francisco in 35 minutes. Imagine the saved time with a technology like this... This would be great for a lot of people who have to rely heavily on travel and would create more time for them to be more productive in other things they want. However, the article states that building a Hyperloop would be way too expensive. A mile would cost them around $5-$20 million dollars! This is something I would love to keep a tab on, due to the fact that I believe we live in a global world where travel is vital. Although expensive, I would like to see this get done in the near future.
Do,
ReplyDeleteI think you handled this difficult assignment very well. You did a great job of acquiring your articles and analyzing them. I think how you formatted your post was something I should've done. The 5th story about the hyper loop was super neat, and I couldn't even imagine being able to travel at such a convenient speed. The future is promising! Keep up the good work.
Check out my post!
http://stefankostas.blogspot.com/2016/01/identifying-local-opportunities.html
Brian, I like the articles you have picked especially the one on minimum wage. I strongly agree that raising the minimum wage will not only cause the lose of jobs but will also slow our economy. Obviously if fast food chains have to pay $15 and hour to its workers then prices will go up in-turn cutting profits eventually slowing the economy. Good job.
ReplyDeleteHello Brian!
ReplyDeleteThese articles really caught my attention. They're relatable and relevant problems. The Social Media one was interesting to me because while it does create a more leveled playing field for small businesses, I believe it also creates more competition and it becomes harder for a business to become noticed considering there's 100 other similar businesses on the same platform. So while it get rids of one issue, it introduces another challenge.