Why U.S. business leaders must work together

"In September, the U.S. Labor Department reported that weekly applications for unemployment aid jumped by 27,000 to 263,000, the highest in four years and a warning sign for the future of low-income populations. And at a time when government policy couldn't be less interested in addressing systemic economic disparities, solving these issues will depend on the ability of business leaders to listen, learn, and come together to tackle the socioeconomic issues impacting a majority of Americans every day."

"According to the Bureau of Labor Statistics, the U.S. economy is projected to create 5.2 million new jobs between now and 2034. However, the situation looks less optimistic when you consider that so many workers today remain underemployed and can't find access to quality opportunities. The country's already massive wealth gap only continues to grow, with nearly 70% of U.S. wealth belonging to the top 10% of earners, compared to a mere 3% owned by the bottom 50%, according to the Congressional Budget Office."

Weekly unemployment applications rose by 27,000 to 263,000, reaching a four-year high and signaling stress among low-income populations. Government policy shows limited interest in addressing systemic economic disparities, increasing reliance on business leaders to engage and coordinate solutions. Closing the wealth gap requires prioritizing workforce development and housing affordability. The U.S. economy is projected to add 5.2 million jobs through 2034, but underemployment and lack of access to quality opportunities persist. Wealth concentration remains extreme, with nearly 70% held by the top 10% and only 3% owned by the bottom 50%. Ensuring access to targeted education and job training is essential.

Read at Fast Company