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A Call to Reimagine Work and Benefits to Ensure All Workers Attain Financial Security
This piece was originally posted on Workrisenetwork.org. You can read the original here.
The COVID-19 pandemic revealed a long-standing fact about the US labor market: work and wages alone do not guarantee financial security. A worker’s relationship to their employer whether they work full- or part-time or whether they are a permanent or contract employee may be more predictive of their financial well-being because these work arrangements determine access to workplace benefits, such as health insurance, retirement, and paid leave. Predictable and sufficient pay plus workplace benefits can lay a foundation for financial security, yet millions of workers are excluded from jobs offering these cornerstones.
The Future of Worker Financial Security: The Nexus of Work and Benefits
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In the United States, a dominant narrative that having a job equals financial security persists, yet the majority of workers in America have jobs that do not allow them to achieve financial security. In fact, many workers lack benefits, have low earnings, and live in poverty. The type of job matters: workers with full-time, permanent positions and more robust packages of benefits do better than those without access to those options.
In a new report developed together with its
, the
Aspen Institute Financial Security Program explains how work arrangements relate to worker benefit provisions, and how both work and benefits together determine if workers will have a reasonable shot at financial security. The research explores why there are persistent disparities in financial security outcomes for low- and moderate-income (LMI) workers, especially Black and
Honorary degree recipient, longtime Dayton community leader John E. Moore Sr. ’55 dies
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1 Michelle Tedford • January 14, 2021
John E. Moore Sr., a 1955 graduate of the University of Dayton and a longtime leader in the Dayton community, died Jan. 7. He was 97.
Moore received an honorary Doctor of Humane Letters from the University of Dayton in 1998 and the UD Alumni Association Special Achievement Award in 1989. Among his other awards were the Department of the Air Force Exceptional Civilian Service Award (the highest distinction to be bestowed upon a civilian by the U.S. Air Force) and the Montgomery County Citizen of the Year Award.