Friday, September 22, 2017

Identifying Opportunities in Economic & Regulatory Trends

The first economic opportunity I found is equal pay for men and women with the same job title. Of course there are many factors such as experience and sometimes educational background but pay differences on average are too big. On average women, in the same position as a man, makes 77% of what the man would make. To me this is an opportunity because the pay difference is unacceptable. If an employer has the confidence to hire someone to a position the pay should be much more similar than it is regardless of gender. This is an opportunity that is very easy to exploit. Positions within a company should have a pay scale that is based on experience and position not anything else. I don’t believe I am the only person to see this as an opportunity but for some reason changes aren’t being made.

My second economic opportunity is raising minimum wage. This has been an opportunity for a while but has seen very minimal raises that don’t make a whole lot of difference. This is an opportunity because there are a lot of people who work hard to make a difference and still go home not able to pay the bills. Studies have been done that show even our standard 40 hour work week is too long for maximized production and yet some people making near minimum wage have two full time jobs. The prototypical customers are students who have low income jobs because they are in school and mostly young adults. This would be a little more difficult to change because it is a government change. Companies and employers will not make this change on their own because it would cost them more money. 

My first regulatory change comes in the form of wild life protection. As an animal lover and also an avid freshwater fisherman I have noticed issues caused by pesticide sprays and other chemical substances that make our grass look better but cause runoff into lakes. In the lake behind my house, once a month they spray a pesticide on the shore to kill the weeds that also hurts the fish. Since they started there has been a decline in fish and turtles in the lake. Also when they spray the fish that nest near the shore stay away for about a week. During nesting periods this becomes a huge issue. This regulatory change states that there will be a change applied to 37 different chemical substances that have been shown to affect growth in young fish. For most people this isn’t an issue which is why it often goes over looked but every piece of our ecosystem is very important in balancing numbers. To fix this issue there would need to be many more regulatory changes but it is a step in the right direction.


My other regulatory change involves our ozone and atmosphere. So far this hurricane season we are starting to see what many experts have been talking about when it comes to a raise in storm severity. As a population on this planet it is our responsibility to do what we can to take care of it as well as taking care of ourselves. This change involves less emissions in order to improve air quality and environmental health. As a Floridian who does not want to worry about constant threat of storms environmental changes I would love to see these changes take effect. This is an extraordinarily hard thing to accomplish as it takes incredible amounts of people to make a change but would be well worth it to do so.

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