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June 15, 2017
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Restoring the Blue Collar Commonwealth

Dear H,
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, Professor of Sociology, University of California Davis
* Amy Goldstein, award-winning journalist, the Washington Post, and author of Janesville:
An American Story
* Madeline Janis, Executive Director, Jobs to Move America
* Andrew Stettner, Senior Fellow, The Century Foundation
Overseen by Mr. Madrick, the "High Wage America Project" will focus on research
and
policy solutions to develop a high wage agenda and reverse policies that have cut
wages, benefits and working conditions since the Reagan Administration, thus contributing
to the high levels of income i

nequality that are eroding the middle class.
During the event, the following papers were released (excerpts are provided in the
following stories):
Building a High-Wage America
by: Jeff Madrick and Michael McCormack
The High Road Commons for Industrial Innovation and Economic Transition
by: Joel S. Yudken, Andrew Stettner and Thomas Croft
Why Manufacturing Jobs are Worth Saving
by: Andrew Stettner, Joel S. Yudken and Michael McCormack
On behalf of the SVA and Heartland Capital Strategies (HCS), I was honored to introduce
Senator Casey, who fought tenaciously to win the Mineworkers health care bill, and
who has proposed new legislation to assist distressed communities, and say a few
words at the event as one of the organizers. We'll have a more complete report
on the event in coming weeks, as we'll take the research and best practices uncovered
by the event on a series of town hall meetings in cities and towns across the Rust
Belt, starting with Pittsburgh in the Fall.
Read my additional remarks [http://r20.rs6.net/tn.jsp?f=001TvR553SJUYpo2MYMpGeDDfVl_qpZah9ABg5buUqHPPcOh-ffg9PSxRYqNDR6bYxbc_l_U7zayhAk77l_ZnrAqZ_S0iE5rLhgJ7wNzlNgwgHBxClPHtGJmIzmSW28531vS6D7TfeidkENmQ43Ti1fgjlMVYkuTyrVyrzQl_xmWLEoX8ZDGn3QuPxkxMb4vEzPK9oi3e6-aVSZOjk5DpJ737af0wb4eSXB4WhcXu08NEzGSjHrOTJsXA8fd1O1Wo-_DTXLJYWloPaWnbz_NKUGiA==&c=HxylV-17yjhew94L_mcxq2FL1YmyJfTya_96rHlOMsX5ULU02ek_sg==&ch=6rHebvAyIc0yqRsC0XK3V7jDy38NjQdXUaXxOvEJ_GGLrseaZV8vhg==].
Tom Croft addressing the group on Capitol Hill
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LINKS OF
INTEREST

Heartland Capital Strategies [http://r20.rs6.net/tn.jsp?f=001TvR553SJUYpo2MYMpGeDDfVl_qpZah9ABg5buUqHPPcOh-ffg9PSxSlYc8CKzl6It-zbGvM1QiDwXUZmkFfnPYWh68f9LTsMWMt2tGwbVjSjGyyI3ubVnVegUwJh6BQ7VJUhb6nrInpshexI32VxABISmd0alN5PoKaNdqwrONq76Evlg81ooA==&c=HxylV-17yjhew94L_mcxq2FL1YmyJfTya_96rHlOMsX5ULU02ek_sg==&ch=6rHebvAyIc0yqRsC0XK3V7jDy38NjQdXUaXxOvEJ_GGLrseaZV8vhg==]
Responsible Investor Handbook [http://r20.rs6.net/tn.jsp?f=001TvR553SJUYpo2MYMpGeDDfVl_qpZah9ABg5buUqHPPcOh-ffg9PSxU2NBVqZ_ZGqRcVFsPTXi3y6ZZbUWtvq5hpcl4tT-9YjEVODySkAmTIYaaLKCUWuGYbQuCUi0i3cdEeVnFwyOU_IO3IDCTFTTmp-yFE0PHXBhFdrhGIi7OjmJUzBwyICmpnuAsKbh1pNRaJHL7ev9tHyfECSLZ91NniloJ7YP-Ow&c=HxylV-17yjhew94L_mcxq2FL1YmyJfTya_96rHlOMsX5ULU02ek_sg==&ch=6rHebvAyIc0yqRsC0XK3V7jDy38NjQdXUaXxOvEJ_GGLrseaZV8vhg==]
HCS Events [http://r20.rs6.net/tn.jsp?f=001TvR553SJUYpo2MYMpGeDDfVl_qpZah9ABg5buUqHPPcOh-ffg9PSxSg1BB5jl6qXyckOYWeuSvYQAl5wleKdaAhDTZGmzPnLP6SqCRqthdD-1TPmmv533oRkVkIBJ_wmh3_k7_Bo93G7A6Kx23VBg5VwPyT4Yl-dp0dlAxrczXGfOvTdacTiZQ==&c=HxylV-17yjhew94L_mcxq2FL1YmyJfTya_96rHlOMsX5ULU02ek_sg==&ch=6rHebvAyIc0yqRsC0XK3V7jDy38NjQdXUaXxOvEJ_GGLrseaZV8vhg==]
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ECOSYSTEM PARTNERS

Sleigh Strategy, LLC
Robert Samuel
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Building a High-Wage America
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By: Jeff Madrick and Michael McCormack
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 top of the wage distribution
have seen their pay increase, while those at the middle and bottom have remained
stagnant or declined after a brief surge in the late 1990s. Meantime, the costs
of education, health care, and housing have grown rapidly. Incomes have become
much more unequal over that same period, a small portion near the top taking the
vast majority of gains in earnings. Technology played a role too, making numerous
skilled and unskilled occupation obsolete, and widening the gap in wages between
those with and without college educations. Off shoring has become a favored policy
for big business, aided by U.S.tax policy, and has led to much a weaker manufacturing
sector than other advanced nations. America has some of the highest levels of inequality
and poverty among OECD nations, including child poverty.
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Why Manufacturing Jobs Are Worth Saving
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By: Andrew Stettner, Joel S. Yudken and Michael McCormack
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, is it just a nostalgic bid for
middle-class jobs that are gone for good?
This report examines prevalent assumptions about the value of a renewed commitment
to manufacturing, particularly from the vantage point of the needs of communities
that have depended on manufacturing jobs, and on workers who have looked to this
sector as a source of a living-wage career.
The report begins by reviewing the status of U.S. manufacturing activity today,
including how it compares internationally. It looks at shifts in composition of
U.S. manufacturing activity, identifying which industries within the sector have
been growing, and which have been declining. It examines the debate over what caused
the manufacturing decline of the past few decades and whether this decline was inevitable,
or reversible, and how important a manufacturing recovery is to the nation's economic
future. [READ MORE] [http://r20.rs6.net/tn.jsp?f=001TvR553SJUYpo2MYMpGeDDfVl_qpZah9ABg5buUqHPPcOh-ffg9PSxRYqNDR6bYxbp5oG5pIFQn6HEfO7FAVftHU78I8IdPDpzfOPnkfrI9eU6qWwAOKns8m2mm0rRLeVSCshRQGH9sbot3Tg4q9jv83mVkJ1uLnmx4A8vpGsnOooFcUi8_XEbZC5h00mLVz1EYrSMXSgQlX_uA5YsX-8lRtW_dlXvFR0cQAh2uOSr9WZmB6pY5WxPtYjvkmDYTWN00SEIeNse_ClqzHXEMRshg==&c=HxylV-17yjhew94L_mcxq2FL1YmyJfTya_96rHlOMsX5ULU02ek_sg==&ch=6rHebvAyIc0yqRsC0XK3V7jDy38NjQdXUaXxOvEJ_GGLrseaZV8vhg==]
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The High Road Commons for Industrial Innovation and Economic Transition
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By: Joel S. Yudken, Andrew Stettner, Thomas Croft
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 approaches, and capital investment. The high road commons
model would seek to expand real world successes such as Pittsburgh's Steel Valley
Authority, which has used Early Warning and Layoff Aversion to save 23,000 jobs;
Chicago's Manufacturing Renaissance, which has united 90 companies and schools
to get disadvantaged youth into manufacturing careers; and a pension-fund-driven
restructuring of two earth-friendly bus manufacturers into New Flyer Industries,
saving 3,500 mostly union jobs. [READ MORE] [http://r20.rs6.net/tn.jsp?f=001TvR553SJUYpo2MYMpGeDDfVl_qpZah9ABg5buUqHPPcOh-ffg9PSxRYqNDR6bYxbWbbo2Q-nfdsUw_MoNnfX4xNVR0TXlhHrXOmIZum0ZW2mGDxQ2eWz1KiG72PdO37hEixzreZCHsXP744WOeKtTUMZDwbFEHZE9DKWwuQiR11TaOyrqNenXalL10iJlhZr3qH1LfSYn_f3NGpn9cj4DbKZOPZb8k4ebRccRrfMEeVCwx1osSUWrPwP_rRF7THXDiqUeSfYxA7T7pc85jthUkLcsrigaL83Hr_cSpvLbHqeyF-pEd6Se4HMiK-DGp2Q&c=HxylV-17yjhew94L_mcxq2FL1YmyJfTya_96rHlOMsX5ULU02ek_sg==&ch=6rHebvAyIc0yqRsC0XK3V7jDy38NjQdXUaXxOvEJ_GGLrseaZV8vhg==]
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Heartland Capital Strategies [http://r20.rs6.net/tn.jsp?f=001TvR553SJUYpo2MYMpGeDDfVl_qpZah9ABg5buUqHPPcOh-ffg9PSxb9RiIgnElGFZQN36v8nT3SAcSIgpROLHjOVle4vEqOCTwNiK_-oMm2qiiUenln7zxZofchyTpRL32NAznb4Cer5yAw_EYwwWJSl6CLjK0xalTigz_KfYhZVBfbH11n3vA==&c=HxylV-17yjhew94L_mcxq2FL1YmyJfTya_96rHlOMsX5ULU02ek_sg==&ch=6rHebvAyIc0yqRsC0XK3V7jDy38NjQdXUaXxOvEJ_GGLrseaZV8vhg==]
fosters a "Community of Practice" for responsible economic impact investments. Heartland
promotes strategic responsible investments to rebuild the rebuilt environment, renew
the industrial commons, grow the clean economy, and make the boss more accountable.
Inspired by the United Nations Principles for Responsible Investment (PRI), Heartland
Capital Strategies (HCS) promotes investments and projects essential for revitalizing
our productive economy and community prosperity.

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