Center for Advancing Opportunity in America November 15, 2016
From nearly every direction the free enterprise system has come under attack…
The Solutions Offered 1) Trade protectionism 2) Increase federal regulations and expand programs
We need a “third way,” one that enables our economy to be competitive while producing strong and inclusive growth for businesses and workers
A New Playbook for American Competitiveness Principle 1: Innovation is the new form of competition
Risk Factors Facing Today’s Businesses High Talent/Workforce Probability Competitors Supply Chain Breakdown Cybersecurity Government Regulation Access to Economic Capital Recession Innovation/ Disruption Natural Disaster Low Low High Impact
A New Playbook for American Competitiveness Principle 2: Labor markets must be flexible and dynamic
Risk Factors Facing Today’s Workforce High Sickness/Health Plant Closing Probability Education/Skills Injury/ Economic Automation Disability Recession Family Care Low Natural Disaster Globalization Low High Impact
A New Playbook for American Competitiveness Principle 3: Need for a new social contract made up of a new federalism and a new capitalism
Risk Factors Facing Today’s Communities High Infrastructure Probability Poverty Declining Home Business Loss Value Economic Recession Access to Capital Natural Disaster Crime Low Low High Impact
A New Playbook for American Competitiveness Principle 4: Every business, worker, and community must be empowered to manage risk
Types of Risk Management Tools Example 1: Workers investing in their competitiveness Example 2: Employers investing in their workforce Example 3: Wage and income support Example 4: Communities managing economic change
Roadmap for USCCF Step 1: Brief all relevant Chamber boards and members Step 2: Release a paper staking out USCCF’s position Step 3: Convene an advisory board and launch CAOA Step 4: Publish new solutions offered by leading experts
EETC Discussion Question 1: What input do you have on how we have framed the challenge? Question 2: Any input on the new playbook for competitiveness with a focus on managing risk? Question 3: Would your company or organization be interested in being part of CAOA?
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