Industry Research

Trump-Effect: What The New Administration Means To Us

Donald Trump at the New Hampshire Town Hall at Pinkerton Academy, Aug. 19, 2015 (Wikipedia Commons photo by Michael Vadon license here)

Donald Trump at the New Hampshire Town Hall at Pinkerton Academy, Aug. 19, 2015 (Wikipedia Commons photo by Michael Vadon license here)

We can all agree we are in for a ride; what’s not clear to many is if it will look like “Mr. Toad’s Wild Ride” or “It’s A Small World.”

I did my own “Ben Franklin chart” and would like to show how the pros outweighs the cons for you and this industry under President Trump — by a substantial margin.

On labor, Trump is focused on job creation with an owner’s best interest at heart. That means I expect him to push hard against a federal minimum wage. He has pressure from states complaining no federal increase has happened since 2009, but it will be minimal compared to Hillary’s $15 per hour. Expect it to go to $9 per hour.

This administration will not want to expand the sharing economy model of pushing institutional tax obligations to workers. They will embrace this new group as an organization of the freelance public, but will more likely close tax loopholes. Trump will make good on his promise to lower corporate taxes and healthcare overhead much faster than you think. Thanks to a Republican House and Senate, action items important to Trump will be approved efficiently.

Trump’s personal disdain for red tape will prove a positive for you. Anything unjustifiable will be on the chopping block. The sharing economy will seize this opportunity to get rid of regulations, but thankfully Trump’s team appears serious about keeping the ones that pertain to safety in our industry. So I predict sharing economy interests will fall flat and we will get what we want (with the right advocacy).

I assert this despite the announcement of Uber’s CEO joining Trump’s business advisory council. In my view, this advisory group is a smart play; keep your friends close and your enemies closer. That’s a cue from Trump’s bestseller, “The Art Of The Deal.” He needs Silicon Valley to simmer down.

Trump can’t be bought and owes no one. This industry has a golden opportunity to be heard over the noise of lobbyists for special interests. Unlike any President of our lifetimes, Trump is unencumbered, and best of all, he has an affinity towards entrepreneurs and small business owners like you.

Trump is focused on making America safe. That will result in increased global travel for the U.S. If a meeting planner must choose among unstable countries or the U.S. to bring their corporate groups to, we’ll win and that’s great for you!

So as Betty Davis once famously quipped, “Fasten your seat belts. . .”

Related Topics: DOL issues. Department of Labor, Donald Trump, economic outlook, labor laws, LCT Publisher, Sara Eastwood-Richardson

Comments ( 3 )
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  • Mike Jones

     | about 4 years ago

    Thank you Sara For Sharing this article: After reading this I am still wondering how we got here in the first place. I have always ask the question how did our state and local Government even entertain/or make (ordinance) Or (regulation changes) to accommodate a Software entity that to my knowledge will never state that they are a (transportation company) in the first place. I live in Florida and have been to a few meetings listening to taxi drivers try to defend their financial livelihood. I thought to myself am I really watching a whole board of commissioner debate with a few Uber Representatives at a transportation meeting. What have I missed. Most small companies ( taxi drivers) ( Independent limo operators) can barely get someone to the lobby for question about a Renewal form. But some how we are debating with a Lawyer that represents a company without even being Register with the county as a legal operator in the first place.They can use the words (rideshare) (valued partners) (share economy) all they want you name it- but trying to create an new economy by Borrowing from the same economy will not work. Don't get me wrong the taxi owners along with Dade County consumer protection divd and the drivers share the blame by failing to really listening to the customer exp. vehicle conditions and consumer service. This is one way Uber use the (language) to make a issue of- not that they had a better answer but a (cheaper rate)not a new idea or a better car but investors money to market and lobby our officials. That same language we now see slip into our transportation ordinance, airports and hotels. I felt that there was not a legal ground for Uber based on the county own rules and ordiance from the start.

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