Julian Castro Speech Analysis

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Julian Castro Presentation - Business Political Analysis Julian Castro is a San Antonio native and a Stanford graduate, who started his political career in 2001 by becoming mayor of his hometown. He later went to become Secretary of Housing and Urban Development from 2014, till the end of the Obama presidency. An inspiring Hispanic political leader, such as Julian Castro, can have a great impact on our community especially in the way we do business. In this motivational speech, Julian Castro gave guidance to the young minds in the audience without emphasizing on his political views or goals. He mentioned that for the United States to be one of the world’s leading countries of the 21st century several things should be done. Some of those things …show more content…

Since Castro did not specify how he plans on continuing his political career, we don't know how much of an effect he will have on pushing this change. He also failed to mention how much the minimum wage should be increased. If he were favoring the 'fight for $15', and would have a significant effect on implementing it, then this would surely affect how we do business every day. The effect of having our national minimum wage at $15 would influence small businesses and large organizations alike. Many organizations that employ people to handle retail jobs compensate them close to, or at minimum wage. For our community, this means that payroll expenses would double for most organizations that employ for retail jobs. Some large corporations such as Walmart, McDonald's, and Target, have already demonstrated how they would adapt if this were to occur. Some of them have already began to opt this into their organizations. Others have attempted to figure out ways in which to cut down labor costs by replacing employees with technology. Many argue that it is simple for large corporations to adapt into such a change, but that in reality small or local businesses will be affected the most. These individuals believe that since these businesses are already earning small profits an increase in payroll expenses can be detrimental for them. As a business student, it's important to understand that this is possible if Julian Castro were to run for Texas governor, because I will likely be involved with many small

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