Advancing A New Social Contract | DAVOS AGENDA 2021

TL;DR

Pandemic highlights inequalities, calls for a new social contract, shaping a more equitable future.

Transcript

hello and welcome we're meeting today in the context of a pandemic that has put nearly half of the world's 3.3 billion workforce at risk of losing their livelihoods and the pandemic as we've just heard has shown a spotlight on the stark inequalities between jobs between regions between black and white men and women and between generations it's show... Read More

Key Insights

• 👶 Customized solutions for demographics drive the need for a new social contract.
• 🔒 Integration of incentives from governments, private sector, and communities fosters job creation.
• 🌐 Emphasis on local implementation with global collaboration shapes the future of social contracts.
• 🔬 Investing in education, reskilling, and healthcare reforms transforms labor laws for a modern economy.

Questions & Answers

Q: How are governments addressing structural youth unemployment amidst the pandemic?

Governments are implementing policies like short-time work schemes, investing in renewable energy, and creating apprenticeship contracts to enhance youth employment opportunities.

Q: In what ways are businesses like Coca-Cola fostering racial equity within the company?

Coca-Cola is focusing on diverse representation at all levels, investing in training, and supporting minority-owned businesses to promote racial equity within the company and its ecosystem.

Q: How is President Kagame supporting informal workers in Rwanda during the crisis?

President Kagame is engaging with organized sectors, providing economic recovery funds, and focusing on grassroots organization to support informal workers during the pandemic.

Q: What role does AARP see for multi-generational workforces in the new social settlement?

AARP advocates for multi-generational workforces for innovation, digital skills development, and creating inclusive workplaces to enhance the collective impact of diverse age groups.

Summary & Key Takeaways

• Pandemic emphasized inequalities in jobs and regions, urging a new social settlement.

• Leaders discuss measures like social protection funds to address economic imbalances.

• Calls for inclusion of all demographics, collaboration among stakeholders, and a reimagined social contract for a better future.