It is vital that we make a path – through entrepreneurship, education, equity and access – for everyone to benefit from a more prosperous future, and that no one is left behind by what we create. That’s why Shaily Baranwal and Matt Schulman, Founder/CEOs of Elevate K-12 and Pave respectively, and Lexi Reese from General Catalyst joined CEO Adrian Haro from The Workers Lab for an open discussion on inclusive prosperity. They dialed in on the role of investors in inclusive prosperity, compensation as a root cause for workplace imbalances, and the fundamental role of a strong K-12 education.

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Key Takeaways:

• Good inputs matter  - in securing and moving thru good jobs, in high-quality education, and navigating compensation decisions.
• Need more information about the labor economy and a good jobs movement: ~50% of global GDP goes towards wage rates and it’s a complete black box, without a formally-tracked, real-time price. Most workers are not making it by on a day-to-day basis.
• Unit economics can be leveraged to retain your best employees and bring into management team discussions on how you’re doing by team segments (ex. lifetime value of employees, CAC for employees by segment, and LTV/CAC over time).
• Need to know: access to high-quality instruction is not guaranteed for students in low-income, rural communities; 800,000 teachers have left the profession and in two years, 1.2M teachers are expected to leave the workforce.
• Building representative teams is the right thing for businesses to do – it hurts your people ops and business to not recruit from the full universe of talent. Expectations are changing for public and private companies.

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Supplementary Resources:

1. Human Enterprises - General Catalyst
2. Math and Reading Scores Fell (and it’s linked to teacher shortages)
3. Opportunity @ Work
4. A Dozen Economic Facts About K-12 Education 
5. Good Jobs Institute