Top 15 ideas for an equitable economy
I'm pleased today to be joined by dr phil jackson of new profits. She's one of the managing partners. Enchila- thank you so much for being with us ramona. Thank you for having us especially on this exciting day where we're finally announcing the fifteen solutions for the grand challenge. I am so glad we could talk about this today. Because we've been we've talked about this in the past as you were taking in the applications for this so for those in the audience who don't know what the grand challenges when you tell us. Kind of broadly. What it is and then we can talk about. Who's some of the people have been selected to the future burton grand challenges partnered by new profit in partnership with x prize foundation. Mit solve and j f f. And what we're doing is we're giving finalist access to six million dollars. In funding to implement solutions that will rapidly reskill twenty five thousand workers into higher wage jobs and it quip influential workforce boards with vetted tools to help get americans back to work in why this is so important as that many times philanthropy. We actually give grants based on ideas. These grants are going to be given based on outcomes so it's really going to be down to how many people were trained and how many people were placed in jobs with living wages. What were you looking for as you're looking for the organizations the groups to go forward in this competition so yet so even before cova working on this initiative for two years and really what we senator around were were adults busy people who are in need of upskilling but who can't take the opportunity cost to take off a year or go back to get a four year degree so we know going into this that we were looking for accelerated learning programs and also programs that would allow a learner or a worker to earn while they learn. We know that you know people. We think. A lot about the fifty six million. Us residents who are are working minimum. Wage jobs you know less than living wage jobs that they need opportunities to to skill up in a fashion that works for their complex and busy lives and so we really wanted these entrepreneurs to be willing to center the experience of these learners right and to create solutions that will work alongside their busy lives. We talk a lot about trying to upskill four jobs now. Actually and jobs of the future are each of the program. Said are in your rapid reskilling. Are they ernest. You learn absolutely in the way that we're thinking about it. There's two things one is like you said ramona. The future of work has become the president of work right so a lot of things that we thought were going to happen. Happened in cove. It industries went away that we thought were recession proof. And so what we've tried to do with all of these trainings. Is that one is their offered free of charge to the job seekers. And we're asking about preneurs a train for jobs that will not be impacted in the future works of thinking in the next three to five years and where people can leave the short term training and actually get a job with a living wage in so those are the parameters that we looked at. And we want to make sure that these trainings were geared towards people. Don't have a bachelor's degree and have other barriers employment. There are fifteen different organizations. That will be part of the solution. They're a combination of rapid reskilling. An mit sauce. And so we're looking at the fifteen solutions of the cohort that. We're validating at workforce boards. They just came to us from different challenges. There's a couple that. I'm just really excited about the first. Is this company. That's called charger help. And what's so interesting about that. One is that they are training people to be technicians into service electric car charging stations. What's interesting to me about. The idea is one is who knew that that was a job. You know. I didn't in to who knew that you could do that type of job and not have a bachelors degree so in a sixteen week program. They're able to train someone to do this job and they can go and make upwards of hundred and fifty dollars an hour but the company itself charged for help actually pays their employees up to fifty dollars an hour but they're giving them this training. That has a great market potential. And so that's one example. Another example that we're really excited about is generations. Usa there are national nonprofit ner actually international in many ways but they're allowing people to on the job while they're like learning a new trade and they do everything from building trades to manufacturing to data to technology while they're getting the technical training they're also giving them the wraparound supports of that professional training. And what some might call soft skills but are you know really important professional skills if we're going to actually obtain a job. They're getting paid while they do it. They're tuning to like the wraparound supports. A worker might need so in terms of transportation and childcare and they are promised a job on the other end of it and so as a learner. When you're thinking about that opportunity cost of taking you know sixteen weeks or three months off to learn. You're getting some upside in the beginning. And also you've got this guarantee on the back end.