November 15, 2016 From nearly every direction the free enterprise - - PowerPoint PPT Presentation

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November 15, 2016 From nearly every direction the free enterprise - - PowerPoint PPT Presentation

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


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Center for Advancing Opportunity in America November 15, 2016

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From nearly every direction the free enterprise system has come under attack…

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The Solutions Offered

1) Trade protectionism 2) Increase federal regulations and expand programs

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We need a “third way,” one that enables our economy to be competitive while producing strong and inclusive growth for businesses and workers

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A New Playbook for American Competitiveness

Principle 1: Innovation is the new form of competition

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High High Low Low Impact Probability Risk Factors Facing Today’s Businesses

Talent/Workforce Competitors Supply Chain Breakdown Cybersecurity Innovation/ Disruption Natural Disaster Economic Recession Access to Capital Government Regulation

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A New Playbook for American Competitiveness

Principle 2: Labor markets must be flexible and dynamic

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High High Low Low Impact Probability Risk Factors Facing Today’s Workforce

Sickness/Health Plant Closing Automation Family Care Education/Skills Natural Disaster Economic Recession Injury/ Disability Globalization

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A New Playbook for American Competitiveness

Principle 3: Need for a new social contract made up of a new federalism and a new capitalism

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High High Low Low Impact Probability Risk Factors Facing Today’s Communities

Poverty Infrastructure Declining Home Value Crime Natural Disaster Economic Recession Access to Capital Business Loss

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A New Playbook for American Competitiveness

Principle 4: Every business, worker, and community must be empowered to manage risk

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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

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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

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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?