A $100M initiative to address the problems of inequality in underserved communities through quality job creation and skill upgrading for working people.
The #QualityJobs Fund is a $100M initiative to enhance and transform underserved communities by seeding sustainable, long-term, well-paid jobs, and skill upgrading for working people. Learn more at https://t.co/RfyTiASF5K
.@sarahkalloch of @GoodJobsInst says the biz case for job quality is: good jobs means happier employees who provide better customer service. This creates higher financial returns. Trader Joes, for example makes specific operational choices based on this model. #CAFutureofWork
.@NoahSBernstein of the New World Foundation says government has a role to play in incenting the creation of job quality. What about a CA public quality jobs fund (public/private/philanthropic) that could expand the tax base and expand public revenues? #CAFutureofWork
VCs called to the task: investing in companies that succeed by creating good jobs. ☑️
@sarahkalloch@GoodJobsInst
(wish there were an emoji for nodding)
What is the real cost of bad jobs? Companies/evaluators should not benchmark to against the lowest common denominator on wages or hours, as these are bad jobs - @sarahkalloch@GoodJobsInst#CAFutureofWork
Are these strategies working? It’s early days, but they are certainly showing promise and we believe we are starting to see innovative solutions and opportunities to further test and scale. #CAFutureofWork#QualityJobs
Critical methods of QJF investment:
a. Growth capital to companies creating quality jobs.
b. Access to Affordable Capital— explicitly tied to improving job quality.
c. Focus on wealth and asset building, particularly in low margin industries. #CAFutureofWork
Baseline components across all QJF investment intermediaries:
1) A living wage;
2) A benefits package, including employer paid insurances, paid time off & retirement savings support;
3) Access to training, education and professional development on the job & upward mobility.
What makes a #qualityjob? asks @JulieSuCA. @NoahSBernstein notes we define quality jobs for working purposes only & invest w/ an evolving definition informed by workers.... #CAFutureofWork
What makes a #job a good job? Living wage + benefits (health, wellness, vision, retirement savings, sick leave, upskilling, employer contribution). - @NoahSBernstein @QualityJobsFund#CAFutureofWork
Today, the #CAFutureofWork Commission is meeting for the third time. The conversation is well-underway. Follow this link to tune in: https://t.co/zgLF8ct0mQ
Full, recorded videos will be made available once the convening has ended, along with presentations.
Thank you!
Labor Sec. @JulieSuCA welcomes #CAFutureofWork Commission to Convening #3 @UCRiverside on ed., skills & job quality & reviews the process for gathering info, imagining new possibilities & developing solutions for a changing workforce. All to be posted here https://t.co/8jV5cN7v81
This year, we published a two-part report, Automation and a Changing Economy, outlining a comprehensive policy agenda to address automation's challenges & opportunities. Tomorrow, we will present these policy ideas to the #CAFutureofWork commissioners. https://t.co/j2Jn2SQTbb