This regulatory move is similar to what the Employee Retirement Income Security Act (ERISA) of ‘74 did to employee retirement plans that effectively curtailed pensions and spurred the direct contribution plans that are now popular (i.e. The Affordable Care Act (ACA) passed in 2010, while far from perfect, it offered to sever the connection between employment and health care with the creation of government backed exchanges for private coverage. Regulatory Changes Makes Freelance Fully Feasible Those in their 20s and early 30s today will enter the 2020s never having the backbone of trust prior generations held in institutions, the ramifications of such will be more fully realized in this next decade. First, the mass layoffs spurred by the 2008 Great Recession placed several million Americans unemployed and many other millions underemployed and/or needing to rethink their career and work-life strategy the long term implication is that the average person has less faith in corporate and institutional employers than ever and this trust is very slow to rebuild. This change occurred on several, somewhat unrelated fronts. History will likely tell the story of the 2010s and late 2000s as one of dramatic, even violent metaphorically speaking, change in the nature of work, the workplace, and even the worker. Great Recession Destroys the Trust Paradigm This article describes important trends and shifts in the nature of work, it will impact real estate, and how so will be the subject of future article. That new employee can now afford a place to live via the magic of household formation and thus demand for housing (rental and for-sale) rises further, that additional earnings fuels higher retail sales and thus new retail real estate is demanded and even the ability to travel expands and thus the hotel sector grows as well. The linkage is simple, if a firm seeks to expand, it often needs to hire, if it needs to hire, then it needs space for that employee to work (such as office or industrial space). Job growth is the most important single driver of real estate demand that can be tracked. This is Part 3 of a multi-part series on the Top Trends and Market Opportunities for the 2020s. Nail polish robot paints and dries in 10 minutes per hand appeared first on ISRAEL21c. “At some point, we may move on to Amazon and retail.” “Customers will be able to buy the device and the capsules through our ecommerce website,” says Moran. All engineering and design work was done in Israel, while mass production will take place in China for the unit and in Europe for the polish capsules. The company employs 12 people in its offices in Tel Aviv and New York, and is recruiting additional employees. Technology is what we do.” Nimble’s team in Tel Aviv. Yet there was no technology to automate it. In a salon, it takes more time and costs a lot,” he says. They can only do it at home if they have the right skills and supplies. “One hundred million Americans paint their nails once a month, and 80 million once a week or every two weeks. In the United States alone, people spend some $12 billion on manicures, says Moran. Investors saw that Nimble has the potential to disrupt a $120 billion market worldwide. The third co-founder, VP of R&D Avichai Mor-Yosef, spent a decade in R&D at HP subsidiary Indigo. Moran, Nimble’s CEO, and Ron Miller, VP of technology, previously co-founded KitLocate, which was acquired by Yandex and led to the establishment of Yandex Israel five years ago. That’s partly because these entrepreneurs are known entities. They already had $10 million in seed money from venture capitalists and angels including - among others - Entree Capital Fund, the LionBird Foundation and Nir Erez, cofounder and CEO of Moovit. Moran and his co-founders didn’t launch on Kickstarter to raise money, but to prelaunch Nimble. The Nimble machine works with three capsules of polish available from the company. Each set of three polish capsules (30 shades available) costs $10 and covers up to three sessions, depending on the length of the nails and the need for touch-ups. Suggested retail price for the unit is $399. The unit is Wi-Fi and Bluetooth enabled, providing access to software updates for the machine, such as nail art designs. Future iterations will likely accomplish the job even faster. The robot completes each hand - fingernails and thumbnails separately - in 10 minutes.
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