erin shackelford 2015There is a growing body of literature that indicates that investing in good jobs is good for the long-term performance of companies and investments. MIT Business School Professor Zeynep Ton argues for a “Good Jobs Strategy,” writing that some of the best and most profitable retailers have succeeded by considering employees an asset in which companies should invest as opposed to a cost which must be minimized.

In her 2012 Harvard Business Review article, Ton argues, When retailers view labor not as a cost to be minimized but as a driver of sales and profits, they create a virtuous cycle. Investment in employees allows for excellent operational execution, which boosts sales and profits, which allows for a larger labor budget, which results in even more investment in store employees.”

Beyond the health of individual companies, recent reports from organizations like the OECD indicate that good jobs, and other measures that decrease inequality, are good for the economy as a whole, unlike measures which cut jobs for short-term profit maximization.

OECD Secretary-General Angel Gurría has stated recently that “ . . . addressing high and growing inequality is critical to promote strong and sustained growth” and that “[i]mplementing reforms that raise the job opportunities and earnings potential of low-skilled workers, help young people get a step on the job ladder and improve the labour market opportunities of women will unlock growth potential in our economies and ensure that it is shared by all.”
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Building for the Future

by David Wood on May 11, 2015

david feb 2013 smallLast Tuesday, I attended a meeting at the White House that accompanied the recent publication of a Federal Guide to Infrastructure Planning and Design. The guide was released as part of the Build America Investment Initiative, launched in July 2014 to encourage partnerships between federal, local and state governments and the private sector that enhance the design and financing of infrastructure projects. Included in the guide are principles for planning and design, case studies, and a list of federal programs that can support these projects in their early stages. This meeting, co-sponsored by the Ford and Rockefeller Foundations, focused on how predevelopment principles can help identify and shape infrastructure projects and investments to maximize their social value and environmental performance.
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“Good Jobs, Good Investments”

Thursday, May 7, 2015
2:00 PM Eastern/11:00 AM Pacific

Featuring:

Mariela M. Vargova, Ph.D., Senior Sustainability Analyst, Rockefeller Asset Management;

Cambria Allen, Corporate Governance Director, UAW Retiree Medical Benefits Trust;  

Richard Clayton, Research Director, Change to Win Investment Group

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