My five picks for 2014…
The Middle Class Comeback
Finally, after 6 years, the middle class will start to see rising wages and more opportunities for jobs. The linchpin that determines the strength of the comeback is the quality of jobs created. Minimum wage jobs don’t help much, they just allow corporations to push part of their wage cost to taxpayers. They need to be factory jobs and well paying jobs with benefits. It might not be the best job (its not a doctor, lawyer, or successful app developer) but it’ll work. What worries me is if we have another recession before the middle class recovers – that spells social strife and civil unrest.
Public EV Charging
From standard public charging to Tesla’s SuperCharger network, charge station installations are set to grow, and with increasing EV/PHEV sales in North America, usage of these stations will increase enough that they’re no longer just a blip on the radar. The growth of stations will be what to look at for 2014 – and instead of being token installations, they’ll be more functional, with installations at places you 1) actually want to park your car for an extended period of time and 2) free or reasonable rates to charge your car. The latter one may take some effort in some states that only allow utility companies to sell electricity by the kWh, which forces charging stations to charge by the hour (not the best deal usually).
LED Light Bulbs
LED light bulbs are going to make a big impact in 2014. They’re finally becoming cheap and good enough that you’ll want to replace your regular bulbs. Beyond that, high-usage CFLs that were installed during the CFL boom are starting to hit the end of their lifespan. I now have six CFLs in my garage that are burnt out and have run out of my spare CFLs, so now each time a CFL burns out I’m ordering these $20 Philips 13-Watt (65 Watt Replacement) BR30 Dimmable Indoor Flood Lights. They’re really good so far. I haven’t tried any regular light bulb replacements yet, but I’m sure I will sometime in 2014.
“Over the top”
“Over the top” is a phenomenon where a company that provides several consumer services including internet access finds that some of its services are being cannibalized by similar services over the internet. The most familiar examples are using Netflix over a cable-based internet connection (instead of going to cable TV for entertainment, you’re consuming Netflix), as well as iMessage or some other internet-based chat/picture service instead of SMS/MMS services. For incumbent internet providers, this will be a difficult transition to manage because they will be faced with decreasing revenues from core products and increasing usage of internet data. For the cable industry – get ready, people are cutting the cord. More data, less everything else.
If its now legal in Utah, one of the most conservative states in the union, I don’t see how other states are going to face the legal challenges of their laws or constitutional amendments. I hope Nevada (my home state) has their constitutional amendment overturned quickly, as it would be a boon as a gay wedding destination. I should look into buying the old Liberace Museum! I can add a chapel and boom!