Anheuser-Busch Briefing Center, U.S. Chamber of Commerce
1615 H St NW, Washington, D.C.
Registration and Breakfast: 8:00 a.m.-8:30 a.m.
This is the second in a series of blog posts about Millennials in the workforce. The first post: "What will Millennials Think of American Business?"
When every new generation joins the workforce, it can sometimes seem like they’ve entered the five stages of grief. It looks something like this:
1) The freshly minted graduate faces denial that spring break is gone and a job is even necessary, followed by…
2) Anger, as cynical detachment morphs into an attempt to assign blame on whoever confined them to a cubicle.
3) Then they enter the bargaining stage, perhaps believing that it’s possible to delay full adulthood.
4) That’s when the depression hits, when they realize that adulthood is inevitable and nothing in a career is assured.
5) Finally, we see the generation coming to a point of acceptance with life in the workforce.
The U.S. Chamber of Commerce Foundation reads the Internet so that you don’t have to, sharing a short list of curated blog posts for your Friday reading.
Is the price of oil about to plunge? A new forecast from the International Energy Agency finds growing spare capacity in the global oil market, with many oil fields operating at less than full capacity. Recent years have seen oil markets sited on a precipice, with the merest hint of instability sending prices rocketing. Spare capacity will double next year and remain elevated through 2018. Here’s how this trend will impact the price of a barrel of oil:
“Brent crude is currently trading at about $102 a barrel. The IEA is forecasting $93 a barrel by 2018, and Brent futures on the ICE exchange are trading at $89 a barrel for that year. But prices could plunge more—last year, Citigroup forecast average $80-a-barrel prices through 2017, and they could drop even below that.”
This is a blog post from Jeff Lundy, Ph.D., Research Manager for the U.S. Chamber of Commerce Foundation Business Civic Leadership Center. It was originally posted on the blog of BCLC. This is the first in a series of blog posts about Millennials in the workforce. The second post: "The Age of the Millennial has Arrived, but Are They Ready to Seize It?"
The Millennial generation is the future of the American public. While the opinions of older generations might be set, this younger generation brings new perspectives on society that can change the perception of American business. As the key to future perceptions of business, on what side will Millennials fall? Will business garner a higher perception or a lower one from the youngest Americans?
This blog post is the first in a two-part series by the U.S. Chamber of Commerce Foundation on the topic of Millennials. In this post, we will consider their role in changing the public's opinion of business. In the next post, we will consider a potential crisis of conflict among their generation.
The Issue of Trust
Which natural resource is extracted with a process known as hydraulic fracturing (fracking)? This was one of several questions about science asked in a survey conducted by Smithsonian Magazine and the Pew Research Center to assess the American public’s understanding of science. In the fracking question, a little more than 50% of Americans knew that it was associated with natural gas extraction. Overall, the researchers gave the public a “D+” grade on science.
What does the public’s understanding of science have to do with energy prices?
Every day, the federal government considers policies and regulations that impact energy production and use. Groups from all sides of the issues are recruiting the public to support their cause. An informed public with a basic understanding of the issues and science can play an important role in the development and implementation of effective public policy. Policy decisions on fracking, CO2 emission regulations, pipelines, and gasoline formulation are just a few that will affect future energy prices in the United States. Regulations that are based on sound science protect the public at the lowest possible cost. If we want these policies to be based on sound science, Americans must be scientifically literate.
This article is part of a series on Enterprising States, a study produced by the U.S. Chamber of Commerce Foundation. The study, along with a accompanying Enterprising States Dashboard, was released at the U.S. Chamber's annual America’s Small Business Summit, April 29, 2013. This post was originally posted on Free Enterprise.
Government-imposed or government-related costs can have a major influence over the incentives and resources that are available for starting, operating, or expanding a business. Like large businesses, small businesses are negatively affected by exorbitantly high taxes, energy costs, volatile markets, lack of access to capital, expensive regulations, and problematic legal environments. Higher top marginal tax rates on personal income, for example, have been found to reduce a state’s share of the national entrepreneurial stock.