Defining and Measuring The Creation of Quality Jobs

PCV InSightInSight, Publications, Quality Jobs

pacific community ventures small business impact investing quality jobs

Since the end of the Great Recession, almost 12 million jobs have been created — but most have been in low-wage occupations and at places like strip malls and fast-food restaurants. Average wages for working Americans have dropped 23 percent. It’s become clear that job creation does not equate to lasting economic change. In order to reverse the troubling trends we’re seeing, we no longer find it defensible to focus on job creation alone. We must shift our focus to the creation of higher quality jobs that are good for workers and their families, good for businesses, and good for communities. We are excited to share with you our latest discussion paper: Moving Beyond Job Creation: Defining and Measuring the Creation of Quality Jobs.  Moving Beyond Job Creation has been made possible thanks to the support of the Surdna Foundation, and is the result of a year and a half of extensive research on the topic of … Read More

Small Businesses Can Drive A Quality-Jobs Economy

Patrick DugganInSight, PCV News, Quality Jobs, Small Business Advising And Mentoring, Small Business Loans

pacific community ventures small business impact investing quality jobs

While our economy’s improved on paper, most of us know in our gut that’s not the whole story. During the last few years, quality job creation has been anemic, and way too many workers have jobs that don’t allow them to support themselves and their families. Since the end of the Great Recession, 11.3 million jobs have been created — but average wages have dropped 23 percent. The top five fastest-growing occupations have been in low-wage work, in personal care and at places like strip malls and fast-food restaurants. These are all jobs that also need some form of public assistance. We hit another tipping point as 2016 began: middle-income households have become the minority in America for the first time since World War II. And African-Americans and Latinos fare even worse. As our nation’s job creators, small businesses can be a part of the solution. According to the Federal … Read More