Category: Economy/Labor Issues

Managing California’s Financial Future

California is the worlds fifth-largest economy. That makes State Treasurer Fiona Ma’s job quite complex. Her office handles everything from financing housing development to collecting cannabis sales tax. Recently, she sat down with Henry Brady, dean of the Goldman School of Public Policy at UC Berkeley, to discuss the financial challenges the state is facing.

Two of the biggest issues Ma is working on are inextricably intertwined: housing and transportation. As the state’s population grows, limited housing supplies are becoming more and more expensive, forcing workers farther from city centers, and snarling commutes. One of the potential solutions she suggests is public-private partnerships, like the Virgin Trains project that will eventually connect Los Angeles and Las Vegas.

During their conversation, Ma touches on a number of other issues impacting Californians. She covers a new law that will ensure local governments get sales tax from Amazon, the growing need for senior housing, a plan to help city governments stay on top of their finances, California’s controversial proposition 13, and much more.

Watch — Financial Policy and Sustainability with California State Treasurer Fiona Ma

Investing for Good

What if you could align your values with your investment portfolio?

Leaders from the world of impact investing discuss what it means to invest for good. Their stories are fascinating and you will understand the path of early stage ventures that create meaningful social and environmental value.

First up is a panel with Lewam Kefela, Investor at VilCap Investments; Noushin Ketabi, Founder of Vega Coffee; Nancy Swanson, Executive Director of Linked Foundation. The moderator is Julia Sze an impact Investment strategy advisor. They discuss their paths to investing for good.

Then, Kat Taylor, Co-Founder and Managing Partner of Radicle Impact, talks about the problem with the banking system and how it can be fixed. She is the CEO of the Oakland-based Beneficial State Bank, a Community Development Financial Institution (CDFI) whose mission is to bring beneficial banking to low-income communities in an economically and environmentally sustainable manner.

Watch — Investing for Good: Women in Innovation and Entrepreneurship Series

The Fight to End Bay Area Poverty

Daniel Lurie has been on a mission to make his community stronger since he was a child. Born and raised in San Francisco, Lurie’s family believed it was their responsibility to be part of a better Bay Area. Today, Lurie is doing just that through his non-profit Tipping Point Community. Lurie developed the concept while he was a student at UC Berkeley’s Goldman School of Public Policy. He recently returned to campus to discuss how Tipping Point is rethinking philanthropy.

Tipping Point provides funding for non-profits around the Bay Area working on four key issues: housing, employment, family wellness, and education. But, rather than just giving money and walking way, Tipping Point works with groups to measure their success, and hold them accountable. Lurie says Tipping Point has ended relationships with 20% of their partners over the years, a testament to their high standards.

Another major issue Tipping Point is addressing is homelessness. Right now, the group is working on a three-pronged approach – creating more housing, prevention, and optimizing the public sector. For housing, they’re attempting to construct a 146-unit building in San Francisco in under three years for less than $400,000 per unit. Lurie hopes this project will prove building at that speed and price is possible, and serve as a model for future development.

For prevention, Tipping Point is working with UCSF to increase the number of beds so people with mental health problems can be set up with case managers instead of being released back onto the streets. They’re also running a pilot program in a jail to arrange housing for people when they are released. And, Tipping Point is holding regular meetings with local officials and business leaders to figure out how they can work together to address the problem.

Watch — Tipping Point and the Fight to End Bay Area Poverty with Daniel Lurie

Working with Artificial Intelligence to Keep Americans Employed

We have all heard the dire warnings. Artificial intelligence is predicted to decimate job sectors already hit hard by outsourcing. Some studies suggest up to half of all work could be automated by 2030. That means factory workers, drivers, even some accountants may find themselves without a job.

Jennifer Granholm, the former governor of Michigan, knows the pain of job-loss all too well. She witnessed the closing of factories in towns like Greenville, where three thousand of the town’s eight thousand residents worked at the same plant. But, Granholm remains optimistic about the future of employment in the United States. She believes we can make artificial intelligence work for us, not against us.

Granholm uses the autonomous vehicle as one example. While the technology could put five million drivers out of work, it could also create millions of new jobs. We could see the rise of new industries such as mobile motels, or pop-up shops. Driverless cars could eliminate the need for massive parking lots, creating space for affordable housing. But, new industries require a workforce with new skills.

Granholm has five suggestions for creating that workforce. Three of those suggestions focus on investment in training, including apprenticeships and internships. She suggests diverting funds currently used to subsidize unemployment. She also says we need to come up with a way to create portable benefits for people with alternative jobs, such as Uber drivers and other app-based workers. The final suggestion: pay people for their data. Granholm says the tech sector is making billions off our personal information, and there may be a way to share that wealth.

Watch Shaping a 21st Century Workforce – Is AI Friend or Foe?

Workforce Frontiers

We know that the future of work is upon us–AI, robotics, global markets and online innovations are driving massive changes. So, what about workforce development? This event explores the boundary-busting, outer reaches of workforce development where job quality, equity, outcomes and opportunity take center stage.

The program is presented by The San Diego Workforce Partnership which is committed to advancing new ideas and trailblazing daily to remain on the cutting edge of these critical shifts that shape how we work and thrive.

Watch Workforce Frontiers Symposium