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HIT HONORS CONSTRUCTION WORKERS BUILDING AFFORDABLE HOUSING IN WASHINGTON, DC

Washington, DC – The AFL-CIO Housing Investment Trust (HIT) hosted a worker appreciation lunch at the construction site of Portner Flats in Northwest Washington, DC. Workers are building a new $43 million apartment building with 96 affordable units, which the HIT is helping to finance with its $24 million investment of union capital. The project is creating approximately 210 construction jobs. More than 150 people attended the luncheon. Construction workers were joined by District of Columbia Mayor Muriel Bowser, HIT staff, Building Trades leadership, developer representatives, Prudential Mortgage Capital Company, and D.C. Housing Finance Agency and D.C. Housing and Community Development dir

“High-Wage America Project” Takes Aim at Revitalizing U.S. Manufacturing

How can the United States recreate high-wage, secure jobs for all Americans? That’s the question being asked by the “High-Wage America Project” led by The Century Foundation’s (TCF) Bernard L. Schwartz Rediscovering Government Initiative (RGI). The initiative kicked off on June 13, 2016, at the “Fighting for a High-Wage America: Reinvesting in Innovation and the Industrial Heartland” event on Capitol Hill. Sponsored by TCF, RGI, the Northeast-Midwest Institute, the National Call to Action, and the Steel Valley Authority (SVA), the event brought experts, advocates, political leaders, industry and labor partners together to explore proposals to create good jobs for Americans. The event also p

The Century Foundation on Why Manufacturing Jobs are Worth Saving

The foundation is aiming to increase the number of high wage jobs. The Century Foundation officially launched a new initiative on Tuesday to find ways to bring high wage work back to America’s heartland, including via manufacturing, technological innovation, expanding workforce training and targeted investment. Overseen by the foundation’s Bernard L. Schwartz Rediscovering Government Initiative, the "High Wage America Project” will focus on research and policy solutions to develop a high wage agenda and reverse policies that cut wages. The project kicked off with a discussion at the Capitol in Washington, D.C., featuring Members of Congress and panelists from different regions of the country

Restoring the Blue Collar Commonwealth

The Century Foundation officially launched a new initiative on Tuesday, June 13, to find ways to bring high wage work back to America’s Heartland, including via manufacturing, technological innovation, expanding workforce training and targeted investment. A standing room audience of 150 Congressional leaders, staff-members and participants attended the sold-out event held at the U.S. Senate offices at the Capitol Visitors’ Center. This event featured opening remarks by Senator Bob Casey (D-PA) and Representative Marcy Kaptur (D-OH-9). Speakers included: Jeff Madrick, acclaimed author and economist, Director of TCF’s Bernard L. Schwartz Rediscovering Government Initiative Fred Block, Profes

The High Road Commons for Industrial Innovation and Economic Transition

How can we harness American manufacturing to speed the recovery of regional and local economies that have been hurt by globalization, deindustrialization, and other economic shocks over the past four decades? One strategy would be to establish a “high road commons”—a public commonwealth that would foster the transition to economic prosperity of left-behind Rustbelt rural communities and urban communities alike. There are many examples of national, state, and local initiatives that support the revitalization of manufacturing communities, through innovation in advanced manufacturing, business retention and the development of industrial ecosystems, innovative workforce education and training a

Building a High-Wage America

America is a low-wage society by choice, not by accident or purely the result of inevitable economic forces. The Bernard L. Schwartz Rediscovering Government Initiative (RGI) at The Century Foundation (TCF) will direct its efforts over the next two years to policies that can make America a high- wage society once more. Low-wage America is characterized by wages that for forty years have stagnated for most Americans, especially for those with no more than high school educations. A 35-year-old man with a job typically makes no more than did a 35-year-old male four decades ago and often makes less, especially for those in the middle and low end of the pack. According to Figure 1, those at the t

Working Capital Fellowship Kicks Off!

As a partnership between Heartland Capital Strategies (HCS) and Georgetown University's Kalmanovitz Initiative for Labor and the Working Poor (KI), we've launched an exciting new "Labor-Capital Fellowship" this Summer of 2017 aiming to: Educate the next generation of capital stewards Create a more diverse pipeline of talent We have seven students in all who are interning over the summer with five host organizations: KPS Capital Partners, AFL-CIO Housing Investment Trust, ULLICO, LIUNA, and Smart Growth America.Thank you again to these hosts, sponsors, and supporters including Pensions Consulting Alliance and Blue Wolf Capital Partners. Next on the agenda for the Fellows is a train trip and f

Why Manufacturing Jobs Are Worth Saving

After decades of decline and political indifference, the U.S. manufacturing is getting fresh attention. “American Manufacturing Is Having a Moment,” declared CNN in a recent headline.1 During his reelection campaign, President Obama set a goal of bringing back 1 million of the manufacturing jobs that had been lost after the recession, and supported bold new investments in the nation’s manufacturing capacity.2 President Trump made restoring manufacturing jobs a key part of a winning campaign among Rust Belt states that carried him to election as president. Is this renewed focus on the manufacturing sector sound economic policy, or as pundits from across the political spectrum have complained,

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