As focus has shifted from the number of jobs to their quality, Pacific Community Ventures’ Insight team has identified five levers of U.S. policy to promote living wages, basic benefits, career- and wealth building opportunities and a fair and engaging workplace.
The first step is simply to mandate the measurement and reporting of “quality jobs” data through the Community Reinvestment Act, the Small Business Administration and even the Securities and Exchange Commission for publicly-traded corporations.
Some measures would go further, such as tying SBA loan eligibility to job quality improvement and favoring quality-job creating companies in awarding federal contracts. The report also suggests setting aside some New Markets Tax Credits for businesses that create quality jobs.
“Public Policy and Investments in Good Quality Jobs” follows PCV’s earlier good-jobs report, “Moving Beyond Job Creation.”