Quality Jobs Fund
@QualityJobsFund
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A $100M initiative to address the problems of inequality in underserved communities through quality job creation and skill upgrading for working people.
Joined February 2017
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
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Excited to share that Carina, @DriversSeatCoop & @wwunited have each won $150K from #TheInnovationFund! Join us in cheering on these innovators supporting workers in coming back stronger from COVID-19. @GatesUS @QualityJobsFund @SchmidtFutures Read more > https://t.co/D8nUuJAu26
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.@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
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.@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
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Live conversation happening now on benefits of #QualityJobs at the #CAFutureofWork Commission Convening w/ @noahsbernstein of @NewWorldFound and @sarahkalloch of @goodjobsinst moderated by CA Labor Sec. @juliesuca. Tune in here -->
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VCs called to the task: investing in companies that succeed by creating good jobs. ☑️ @sarahkalloch @GoodJobsInst (wish there were an emoji for nodding)
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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
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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
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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
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We’ve found it critical to fund work through strong track-record intermediaries, particularly in capital constrained communities, as one can deploy a diversity of strategies and help support capital investment that raises the bar on impact. #CAFutureofWork
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QJF invests through local & regional intermediaries w/ a strong track record: for-profit & non-profit CDFIs, SBICs, co-ops, social enterprises, impact funds that in turn make direct capital investments into #qualityjob producing businesses, companies & workforce dev groups.
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How do we incentivize quality jobs? How do we fund it & invest in it over time? asks @JulieSuCA #CAFutureofWork
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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.
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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
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What makes a #job a good job? Living wage + benefits (health, wellness, vision, retirement savings, sick leave, upskilling, employer contribution). - @NoahSBernstein @QualityJobsFund #CAFutureofWork
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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!
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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
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🔴 WATCH LIVE today at 10am pst: @noahsbernstein of @newworldfound joins @sarahkalloch of @goodjobsinst & CA Labor Sec. @juliesuca to discuss the benefits of #QualityJobs at the #CAFutureOfWork Commission Convening. Tune in here -->
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Today the #CAFutureofWork Commission will talk #jobquality, policy, and building a world-class workforce in California. Feat @Lande_Ajose, @anmol, @JulieSuCA, @nataliefoster, @LynJ, @sarahkalloch, @NoahSBernstein, & more. Watch LIVE at 10am PST (1pm EST).
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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.
aspeninstitute.org
Part II: Policies for Shared Prosperity proposes a policy agenda to promote greater opportunity and ensure the gains of automation are broadly shared.
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Tomorrow’s convening #CAFutureofWork Commission, experts @stlouisfed @sarahkalloch @QualityJobsFund @nataliefoster & new research on job quality by @Gallup @OmidyarNetwork + Commissioners @drfeifei @JenGranholm @LloydHDean @roybahat @SaruJayaraman @skasriel & more. Livestreamed.
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