The Financial Cost of Downtime

Technology over the past few decades is becoming more and more prevalent in society and we become more dependent, when it fails it wreaks havoc on our lives. The world is very dependent on tech and when it fails, even our homes are at risk, with our security systems and even our appliances relying on it. People’s homes aren’t the only ones at risk – businesses and companies are at high risk too with all of their online infrastructure.   But even with technology’s many advantages, including being better at our own things than we are, it still has flaws.

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The Economics of Buying vs Fixing Your Smartphone

We are on our phones a whole lot. And for good reason because lots of business and personal activities are done on a mobile device – which explains why there are very nearly 1.3 billion more mobile connections than there are people in the entire world. Smartphones have become a huge part of our lives as they have become so common among everyone. Since 1973, the rise of cellular phones have been the fastest growing phenomenon ever; the cell phone ownership has increased rapidly as now almost all Americans own a smartphone. Smartphones aren’t the only mobile device that have

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The Phishing Attack Economy

Emails have become an essential part of our working and personal lives. But some people have found ways to exploit emails to spread viruses and other malware. One out of every 99 emails is a phishing attack; in a 5 day work week, this amounts to 4.8 phishing emails per employee. Business could even be receiving phishing attacks everyday and not even know it. 30% of phishing emails can make it default security, and the phishing emails that make it through can be very costly. From 2013 to 2016, cyber attacks, including ransomware, business email compromises, and phishing leaks, cost

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How to Use Live Video for Your Business

Live video in today’s internet is changing the way people watch video as a whole and can be used to build your business. 8 out of every 10 people would watch video that is live rather than read a blog post or social media post. But what are people watching live now? 56% are watching breaking news, 43% of people are watching conferences and music concerts, and 30% are watching sports events. In 2019, YouTube’s live streams from Coachella garnered 82 million live views during the first weekend of the festival.    Going live can capture the attention of many

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Taxes: How to Pick a Recession Proof Career

Many experts predict that the U.S. might face another recession as early as next year and by 2021, others foresee another recession and give it a 24% to 83% of happening. In May 2019, the U.S. saw just 27,000 created – affecting manufacturing and small businesses the most heavily, but some industries, healthcare, education, and financial activities saw job growth instead of reduction. Over the next three years, unemployment rates are expected to rise, and at the same time personal income growth is falling. Nearly half of American workers want more and better job security – but a down economy

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The Sharing Economy: How to Enhance Your Lifestyle Without Onwership

The U.S. economy is booming with unemployment the lowest it has been in nearly 50 years, nominal wage growth is the highest in the decade and the economy continues to grow – but the cost of living has risen by 14% in the last 3 years – far outpacing wage growth. This is causing Americans to struggle to maintain and afford a good middle class lifestyle. Renters in more than 10 states spend more than half of their income on basic necessities and luxuries are disappearing as in 2018, 2 out of every 3 Americans can’t even afford a summer

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Why the Opioid Crisis is Ruining the Economy

Opioids in the American workplace are a growing concern in the U.S. – 2 out of every 3 human resource professionals say their workplace has been affected by prescription drug abuse or will be impacted by prescription drug abuse. But in order to fight against opioids we need to fully understand them first. To understand opioids we should go over exactly what classify as. There are 4 different main types of opioids: natural, semi-synthetic, fully-synthetic, and illegal. Euphoria-inducing properties can offer a respite from the physical and/or mental pain they are dealing with. In 2017, the CDC announced that opioid

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The Future of the Hemp Economy

Stress can be a huge weight on many of us and having the ability to remove it with newer advancements in CBD can be very beneficial in our lives as a whole. And its use is becoming more and more common and its status in the economy is being felt. More than 1 out of every 4 Americans have tried CBD to relieve pain, stress, and anxiety, and by 2024, the CBD business as a whole is expected to reach $20 billion. The hemp market is extremely varied, showcasing its many uses from personal care to textiles to supplements and

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Has the Gig Economy Jumped the Shark?

Since the Great Recession, gig jobs have been heralded as the economy of the future – but after a decade, are U.S. workers still making money off of gig jobs? Many of the biggest gig startups began in the fallout of the Great Recession of 2008. 7.2% unemployment after the Great Recession spurred the demand for temporary and quick starting jobs. In the decade since, the gig economy has expanded at an exponential rate and as of 2017, Airbnb had 150 million users and Uber had 42 million users. According to some estimates there are as many as 75 million

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Can AI Be Ethical?

Technology in today’s world and economy is taking over a lot of monotonous jobs and, pretty soon, driving will become one of them, and when it does it will be a huge part of the economy. By 2050, driverless cars and mobility as a service is expected to grow to an astounding $7 trillion industry worldwide. From 2035 to 2045 it is anticipated that consumers will regain up to 250 million hours of free time that otherwise would be spent on driving. $234 billion in public costs will be saved by reducing accidents and damage to property from human error,

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