CEOs repeat the adage, "our best asset is our people." To put this into practice in the 21st century, we must realign our incentives to encourage inclusive economic growth.
Here's the 2nd part of my 3-part series on the future of American capitalism:
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The proposals surround 7 pillars:
1. Boosting Investment in Workers
2. Facilitating Lifelong Learning
3. Investing in Community Colleges
4. Promoting Skilled Workers
5. Funding R&D
6. Improving Human Capital Disclosure
7. Reforming the TAA Program
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America’s past economic success was closely tied to our ability to prepare workers for success over their lives and through multiple sectors. Unfortunately, over the past several decades, we have seen a shift in business norms that threatens to leave workers behind.
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In this second part of the series, I argue that the U.S. must start investing in American workers. If we are to create an inclusive 21st century economy, we must reform misaligned incentives to boost and ensure public and private investments in workers.
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I’m all for these, but not for a stimulus/relief of $1.9 trillion with 25% distributed to individuals. See Larry Summers.
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