A new compact among business, government & American workers
Workers have been underserved by much of America’s economic growth for far too long. And never has this been more apparent than it is now. The Covid-19 pandemic has exposed the underlying fragility and inequities of our economic system, with burdens disproportionately hitting the lowest-paid and most vulnerable.
These systemic problems cannot be solved by any one actor alone. Government must make new rules for a fairer and more equitable economic system. Businesses must develop policies that offer everyone meaningful access to economic security and upward mobility. American workers must have greater voice and be rewarded for the value they create.
Developed by a diverse Commission of the nation’s most respected CEOs, academic, civic, and political leaders, the Framework for Inclusive Capitalism identifies a series of bipartisan principles and recommendations for better aligning government, business and civil society in putting American workers at the core of an inclusive recovery.
Only by improving the lives of workers and having them share fairly in economic gains will our country experience the sustainable growth necessary to restore its promise of greater opportunity and upward mobility for all.
Why this framework is important
Over the past 40-years, America’s policies and practices have led to a decline in economic opportunity and positive outcomes for many workers. Meanwhile historic racial and other social injustices have disproportionately limited the ability of many to share in the American dream.
This Commission therefore came together to identify the foundational elements for building a more Inclusive Capitalism that ensures the promise of economic security and prosperity is available to all.
The vast inequalities in our economic system hurt not only the lives and families of underrepresented populations, but also the wider economy and recovery that they power. Studies indicate that eliminating inequalities across race, ethnicity and gender through improved pay equity, reduced workforce discrimination and levelled educational and training achievements would lead to more productive workforces, higher earnings and a stronger consumer base.
Adoption of this Framework and its principle, policy and practice recommendations will help create an economy that is not only more fair and just, but that also produces more sustainable growth and social equity over the long term. America’s recovery from 40 years of declining worker opportunity and gainsharing, history of systemic racism and inequality, as well as the Covid-19 pandemic require nothing less.
THE ROLE OF DIFFERENT SECTORS
The framework's key pillars
Affiliations are for identification purposes only