6A

1. Economic Trend: 

Source: https://www.accenture.com/us-en/insight-artificial-intelligence-future-growth

- According to Accenture, artificial intelligence could double annual economic growth by 2035

- AI will create new relationships between man and their machines as well as change the nature of work. Because of this, labor productivity will increase up to 40 percent and enable people to have more free time 

- These technologies will enable machines to sense, act and learn human activities 

- This opportunity exists because as time progresses, technology needs to keep up with the demand of a growing world population. People are already getting used to having endless access and guidance because of technology. AI is on the route to take over the world. 

2. Economic Trend: 

Regulatory Changes: Oil and Gas pricing now and by 2050

Source: https://www.thebalance.com/us-economic-outlook-3305669

- The U.S. Energy Information Administration reported that from 2019 to 2050, oil prices with an average of $64/barrel in the second half of 2019.

- The U.S. shale oil production reduced oil prices by 25% in 2014 and 2015. It positively affected the economy by lowering the cost of transportation, food, and raw materials for business. It also gave rise to consumers having a more disposable income to spend and caused both companies and families to save instead of spend.

- By 2050, world demand will drive oil prices to the equivalent of $107.94 per barrel. By then, the cheap sources of oil will have been exhausted, making oil production more expensive.

- This opportunity exists in my opinion because, in my experience as an everyday driver and constant purchaser of oil, I not only have to be prepared for high gas prices but also prepared to continue saving. This oil production increase can also affect global climate change tremendously for all generations to come 

3. Regulatory Changes: Employment is on the rise

Source: https://www.thebalance.com/bureau-of-labor-statistics-3305992

- The Bureau of Labor Statistics reported its annual occupational outlook for the next decade

- Total employment is expected to increase by 20.5 million jobs between now and 2020. 

- 88% of all occupations will experience growth and the fastest-growing occupation will rise in health care, social assistance, and construction

- I formed the belief that this opportunity exists because as students and children in my generation, generation Z, increase, we all must understand our opportunity zones. In this case, I would advise students who are looking for a career or still building a career path to study health care, construction or any form of social assistance to gain satisfaction and high demand for their skills.

4. Regulatory Changes:

Source: https://www.thebalance.com/us-economic-outlook-3305669

- According to the Federal Reserve, climate change has the ability to reduce U.S. economic growth by 30% in the next century.

- Federal Reserve Chairs are working to enact a carbon tax to lower the dangerous levels of greenhouse gas emissions   

- I formed the belief that this opportunity exists because climate change will affect everyone. All generations need to stay alert as to how the climate will shift and what can humans do on earth to help prevent it