ilmscore | The Secrets Of Entrepreneurship (How To Build A Successful Business That Scales) | Jaspreet Singh

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The work-from-home movement is ending, with companies increasingly demanding employees return to the office.
"the work from home movement that boomed during the pandemic is really starting to come to an end now as companies are not just asking but demanding their employees come back into the office right now."
Workplace Trends
Pending
Businesses across all sectors, not just tech, will increasingly demand employees return to the office to boost productivity.
"it's not just the tech industry but now what we're seeing is businesses across the board are saying we have to make these adjustments and they're asking employees to come back into the office because now each company is needing more productivity out of their employees."
Workplace Productivity
Pending
If the economy continues to decline and high inflation persists, power in the labor market will aggressively shift from employees to employers.
"if the economy continues to go in this downward direction if we continue to see high inflation you're going to see the shift happen even more aggressively where the power will shift then to the hands of the employer."
Labor Market Dynamics
Pending
Business debt costs are predicted to increase over the next 12 to 24 months (from September 2023).
"We're going to see more and more debt costs rise over there the next 12 to 24 months."
Business Debt Costs
Pending
The long-term trend of rising cost of living outpacing wages will continue unless government spending and Federal Reserve money printing stop, necessitating individuals to earn more income.
"Unless the government stops spending so much money... and unless the Federal Reserve Bank says we're not going to keep printing any more money... we're going to continue seeing what we've been seeing over the last 50 years so now as you project out for the later parts of your career what's going to happen well if the cost of living keeps Rising you are going to need more income."
Cost of Living & Income
Pending
The cost of living (housing, cars, phones, groceries) will continue to rise. Even if there are temporary deflationary periods during recessions, inflation will kick back up afterwards.
"things are going to continue going down this direction things are going to continue getting more expensive sure we might see periods of deflation that's what happens sometimes when you see recessions but then after that recession is over the deflationary period ends and you see inflation kick back up so you have to understand that if we continue to see the housing costs rise if we continue to see the price of cars rise if we continue to see the price of phones rise if we continue to see the price of groceries rise what are you going to do."
Inflation
Pending
Buy Now Pay Later (BNPL) services will lead the majority of users to purchase more items and incur high interest rates (28-39%) if they fail to pay off balances within the promotional period.
"buy not pay later encourages people and statistics show this the majority of people will buy more stuff... if I don't pay it off in the 9 months or 18 months... I'm now going to be slapped not with a 5% interest interest rate but with a 28 or a 35 maybe even a 39% interest rate and so now all of a sudden buy out pay later went from this oh it's a special loophole that allows me to have more stuff without paying more money to I am paying so much extra to buy all the things that I didn't know that I didn't need that I couldn't even afford in the first place."
Consumer Debt / Fintech
Pending