A local labor market
Projecting precise outcomes of a more granular labor market is difficult; we have so little starting-point data. But if a launch is successful, some broad themes should be seen across the area’s economy:
- Economic growth: More people are working in the legitimate economy. Businesses are able to grow and flex more easily.
- New services: Tightly targeted interventions, Peer Navigators, micro-credentials; programs like this become precise and cheap.
- Data: A gauzy part of the workforce becomes clear. Individuals can see and align with opportunities. Companies can assess skills needs in new detail.
- Accountability: Instead of remote global brands intermediating local transactions, and extracting large fees, the market is locally controlled by accountable bodies.
In this section:
→ Job creation: Incremental hiring, putting workers on an on-ramp, new retention tools.
→ Training: Atomized, responsive learning, new sources of funding, best-use-of-time.
→ A new community workforce: Community health, homelessness services; options expand.
→ Responsive childcare: Families that don’t fit the daycare pigeonhole gain possibilities.
→ Business growth: Work-around needs of a startup, hire incrementally, exploit data.