5 Economic and Political Trends to Prepare for in 2016

2016 is going to be a big year. The next US president will be elected, with a new administration taking over in January 2017. A new administration brings new foreign policy and a new economic climate. Read on to see what changes are coming.   

  1.       A Focus on Income Inequality: Yelp was recently embroiled in controversy when an entry-level employee was fired after writing a blog post calling attention to her low salary. Conversations about income inequality and fair wages are taking center stage, and are becoming important topics in the 2016 election.   
  2.       Disruptions in Healthcare: The Republican candidates plan to repeal the Affordable Care Act, while the Democratic candidates plan to uphold it. If the ACA is repealed, it could cause very expensive disruptions for small businesses.     
  3.       Social Media Trends: As elections draw closer, social media will be inundated with political updates and opinions. Without picking a staunch political position, use the trending topics to increase your own organization’s visibility by using salient keywords and tags in your online content.
  4.       Unstable Global Climate: Turmoil in Europe and the Middle East, and economic decline in China, will lead to a shaky relationship between the US and the rest of the world. The winner of the 2016 election will determine US foreign policy and its position in the global marketplace.   
  5.       An Improving Economy: The labor market is improving, and 2016 could bring increased confidence in the economy. With confidence in in the market, consumer spending will increase, potentially furthering economic growth.