The purpose of this report is to provide an analysis of the prevalence and causes of economic insecurity and inequality in our information economy. We focus on Silicon Valley, the epicenter of economic restructuring, but we think the lessons learned here have implications far beyond the region. We also outline a range of solutions to insecurity and inequality that can be implemented at a local or state level, with en eye to widespread replication by communities across the country.
Market Value: How Fair Assessment of California’s Commercial Property Values Would Likely Affect Land Use, Urban Development and the Economy
Reforming our property tax system to assess commercial properties at their market value would provide a more equitable tax structure for businesses, while raising additional revenue for essential state services. But what would be the overall economic impact of such a reform? To what extent would increasing property taxes for large land owners hurt the California economy, resulting in lost jobs and economic output? To what extent would it improve economic performance and promote more efficient land use and urban development?
America is changing. Demographically, we are projected to become “majority-minority” before 2050; the big news is that this is no longer driven by immigration (which has, in fact, slowed) but rather by births in the U.S. That demographic inevitability has been accompanied by an unsettling shift in the American economy: while debates continue to occur about the respective roles of technology and international competition in either creating or destroying employment, it is clear that the average person’s sense of job security has withered in what was supposed to be an exciting and hopeful new economy.
In an effort to advance the conceptualization of Inclusive Economies, our research team developed an indicator framework for measuring progress towards economic inclusivity. The Rockefeller Foundation defines an inclusive economy as one in which there is expanded opportunity for more broadly shared prosperity, especially for those facing the greatest barriers to advancing their well-being. Specifically, they define an inclusive economy as one that is equitable, participatory, growing, sustainable and stable.
Everett Director Chris Benner has partnered with ROC United to explore the inequality in the restaurant industry along race and gender lines. The restaurant industry employs nearly 11 million workers and is one of the fastest growing sectors of the US economy. Despite the industry’s growth, restaurant workers occupy […]
In the last several years, much has been written about growing economic challenges, increasing income inequality, and political polarization in the United States. This new book by Everett Program Executive Director Chris Benner and Manuel Pastor argues that lessons for addressing these national challenges are emerging from a new set of realities in America’s metropolitan […]