Companies should reform hiring practices to open opportunities for “new collar” workers, focusing on skills and credential-based hiring for positions that do not require a bachelor’s degree. Many low- and middle-income individuals and workers in rural areas have difficulty attaining bachelor’s degrees in today’s higher education systems but possess the necessary skills and experience to fill jobs — particularly when work-based learning and shorter education pathways are available.
The United States needs to pursue innovation inclusively, with benefits shared broadly across diverse groups and communities throughout society.
Policies that help level the playing field and equip all workers with innovation-ready skills will keep the U.S. at the forefront of the world economy. Innovation and prosperity go hand-in-hand.
The innovation economy of the 21st century has the potential to create tremendous growth that ripples through the whole economy. Uneven participation and lack of opportunity jeopardize technological progress and limit future economic growth.
Revise degree requirements for hiring.
Support and expand innovation "residency" programs in underserved areas.
Deliver training resources more effectively.
Facilitate access to finance.
Provide mentorship and networking.