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On Thursday, October 21st, Axios race and justice reporter Russ Contreras and business reporter Hope King examined the long-standing barriers to achieving socioeconomic mobility that persist today and actions policymakers and private sector leaders can take to alleviate obstacles, featuring Democratic candidate for Maryland governor and former Robin Hood Foundation CEO Wes Moore and National Domestic Workers Alliance executive director Ai-jen Poo.

Wes Moore touched on the pathways to economic mobility, how companies can incentivize employees to stay in their jobs, and which industries were hit the hardest by COVID-19.

  • On how socioeconomic inequities were exacerbated by COVID-19: “What we saw from COVID was not simply an exacerbation of these inequities, it was also an exposure. I think when we’re thinking about what the recovery needs to look like and how we need to think about our capital and these new capital resources that are going to be placed inside of our communities, we need to think about them as investments that we know is going to create a measurable return on our larger societal benefit.”
  • On getting employees back to the workplace safely: “We can’t have a return to work strategy if we do not also have a child care strategy in the way we are going to be dealing with that.”

Ai-jen Poo highlighted the obstacles to socioeconomic mobility for domestic workers and how policy can assist in providing better economic opportunities for many.

  • On the socioeconomic barriers afflicting domestic workers: “It’s been a crisis of impossible choices for domestic workers, we’re talking about 2.2 million mostly women, majority women of color, who work inside of our homes. They work in isolated conditions and earn poverty wages without access to a safety net.”
  • On building mobility in the care sector: “I’m thinking specifically in the care sector, we have the opportunity to invest in care jobs becoming family sustaining jobs for the 21st century, a once in several generations opportunity to transform poverty wage work into good work with real economic mobility.”

Axios SVP of Events & Creative Strategy Kristin Burkhalter hosted a View from the Top segment with Capital One Executive Vice President & Head of External Affairs Andy Navarrete, who discussed data-driven insights on the current state of the American consumer.

  • “We think that some of the root causes of underemployment, most notably the lack of childcare, where we see a disproportionate impact on women workers relative to men and again disproportionate impact for communities of color, that these are areas that the policymakers who are debating what social infrastructure would look like can hopefully glean some insights that may help drive some of the solutions they ultimately adopt.”

Thank you Capital One for sponsoring this event.

Go deeper

Oct 22, 2021 - Politics & Policy

Biden admin releases first national strategy to promote gender equality

President Biden with Vice President Kamala Harris at the White House in August 2021. Photo: Al Drago/Bloomberg via Getty Images

The Biden administration on Friday released a 42-page plan to promote gender equality at home and abroad — the first national strategy of its kind.

Why it matters: Women in the U.S. and around the world dealt with an unequal playing field before the coronavirus pandemic exacerbated many of the issues they face, potentially reversing years of progress.

"Atmospheric river" to whiplash Northern California from drought to flood

A map depicting 24-hour preciptation forecast (inches) ending Monday at 5a.m. local time. Photo: NOAA

A series of powerful "atmospheric river" storms are set dump historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest from this weekend, forecasters warn.

Why it matters: A strong atmospheric river, packing large amounts of moisture, is predicted to whiplash Northern California from drought to flood.

10,000 trees near giant sequoia groves to be removed after fires

A firefighter looks up at a giant sequoia tree after fire burned through the Sequoia National Forest near California Hot Springs, California, on Sept. 23. Photo: Patrick T. Fallon/AFP via Getty Images

"Upwards of" 10,000 trees near giant sequoia groves have been "weakened by drought, disease, age, and/or fire" and must be removed in the wake of California's wildfires, the Sequoia and Kings Canyon National Parks announced.

Why it matters: The damage to these trees, considered "national treasures," and work to remove them means a nearby key highway must remain closed to visitors as they have "the potential to strike people, cars, other structures, or create barriers to emergency response services," per a statement from the national parks.