Economic & Regulatory Opportunities

Here I will be finding opportunities within current economic trends and regulatory changes.

1) Currently, there are no federal requirements for paid sick leave. I found this information of the U.S. Department of Labor website. This information suggests that an opportunity exists because it shows that nearly everyone is the work force  has an unmet need. if they were to fall ill or have an accident, they are not guaranteed payment as they recover. This is an issue because this often leaves families with no way to pay for medical bills, or still going to work under unfit conditions. I feel that this opportunity may be relatively difficult to exploit because it requires governmental action to reform the law. However, an entrepreneur may see if there is a way to create a new insurance cover sick leave.
https://www.dol.gov/general/topic/workhours/sickleave

This is something that I noticed as an opportunity because I have seen the detrimental effects of unpaid sick leave first hand. My dad had broken his back while working, and was in recovery for months. This meant there was absolutely no income for our family.

2) After a Cosmetic Ingredient Review, the Food and Drug Administration determined there was no reason to alter the CIR's previous conclusion that Parabens are safe for use in cosmetics as found on the website for the National Bio monitoring website. This is a massive opportunity because conflicting scientific research states that Parabens are harmful to human's hormonal health, and people who prefer holistic products are becoming increasingly aware of the health issues linked to Parabens found in cosmetics. I feel that this is a fairly easy opportunity to exploit because natural care companies could start to develop cosmetic that exclude harmful Parabens.
https://www.cdc.gov/biomonitoring/Parabens_FactSheet.html

This is something that I noticed as an opportunity because I personally struggle to fuind options that don't include Parabens in hopes of benefiting my future health.

3) Last quarter, 68% of the U.S. economy was comprised of consumer spending.One fifth of the consumer spending was on non-durable goods such as clothing and food according to the U.S. Bureau of Economic Analysis. This is quite a bit of expenses toward non-durable good. this opportunity with this is we live in an abundance society which means we are producing more goods than are being bought. Although this may not impact one individual directly, it dos overtly effect the environment. Mass production lends to more greenhouse gasses, and non-durable products that are cheap to produce equate to more waste. I feel that this is a relatively difficult opportunity to exploit as it would require a joined consciousness on the issue because mass production is highly efficient and not many people are willing to seek alternatives.
https://www.bea.gov/data/consumer-spending/main

This is something I noticed as an opportunity because I have recently becoming hyper-aware of the waste that non-durable goods are causing and I was shocked to learn how much of the economy it consumes.

4)There is a missive hiring shortage as pointed out on CNBC News. This is a problem because there are more job positions than there are people to fill them, causing businesses to fail which has a negative impact on the overall economy. This is directly effecting business owners.I feel tat this may be a difficult opportunity to exploit due to the downward trend in employment, as well as new and enforcing labor laws, as well as immigration laws.

https://www.cnbc.com/2018/07/05/the-us-labor-shortage-is-reaching-a-critical-point.html

I recognized this opportunity because I have witnessed local businesses shut down because they did not have the work force required. I decided to explore whether this was a national issue and was surprised to the hiring shortage has become a crisis.