The rise in income inequality and wage stagnation

makes it challenging for people to meet their basic needs

Multi-pronged solutions combining business, policy, and philanthropy

can help provide robust solutions to help all people thrive

Philanthropy often invests in the field of economic mobility, but making sure everyone can thrive is challenging. Noha Kikhia, an associate principal active in Redstone’s Economic Equity practice, talked with Crain Currency about these challenges as well as the opportunities and successes she has seen. Philanthropy is well-placed to invest in collaborative solutions and innovative pilot programs to find solutions to obstacles such as income inequality and systemic racism. Some successes in the field include:

  1. Investing in higher education pathways and job training programs to ensure equitable access to skills development for the current and future labor markets;
  2. Bolstering job quality through direct engagement and partnerships with employers and policy change;
  3. Improving financial security through investments in benefits access and other community-based solutions.

See the full article published in Crain Currency for more insights.

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