Occupational Mobility and the Drive toward an Equitable Workforce Recovery After COVID-19
While there has been a lot of focus on getting back to normal after this current crisis, the data and trends prior to the COVID-19 pandemic demonstrate that normal has not worked for everyone. The pandemic has had significant impact on workers, particularly those without four-year college degrees. Given that inequalities in the labor market often intensify in recovery, we can’t just rely on the traditional approach that assumes if jobs come back, workers will find them and gains from recovery will be evenly shared. This session will share some thoughts on what an equitable workforce recovery could look like.
During this session, you will also learn how the skills developed in lower-wage occupations can pave the way to a better-paying job. Cutting-edge research from the Federal Reserve Banks of Philadelphia and Cleveland shows that nearly half of lower-wage employment can be paired with a similar, higher-paying job that does not require a four-year college degree. A presentation of high-level findings from the research will be accompanied by a demonstration of the Occupational Mobility Explorer, which allows users to interact with the results for the 33 largest metro areas in the U.S. Throughout this session, the implications for hiring practices and HR professionals will be emphasized.
Speakers: Ashley Putnam - Director of the Economic Growth and Mobility Project, Federal Reserve Bank of Philadelphia
Keith Wardrip - Community Development Research Manager, Federal Reserve Bank of Philadelphia
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