EPIC Events | Jan 12, 2017

Juggling Shifts

Leading By Example

Shock of @Walmart “We know when we do it right & lead in spaces like #scheduling it will drive change across the industry.” #JugglingShifts pic.twitter.com/OBHppojg6X

— Aspen FSP (@Aspen_FSP) January 12, 2017

JANUARY 12, 2017 | THE ASPEN INSTITUTE

● Overview

"JUGGLING SHIFTS: THE EFFECT OF UNPREDICTABLE SCHEDULING ON INCOME VOLATILITY, AND POTENTIAL SOLUTIONS"

In the course of EPIC’s investigation of income volatility, variation in workers’ hours and scheduling instability – which is widespread – has been identified as one of the main drivers of the problem.

Many employers, governments, and technology companies have identified scheduling instability – and the income volatility it creates – as problems in need of fixing. In the scope of financial security, solving for income volatility is a crucial step in stabilizing millions of households. By securing their finances now, they will be in better situation to look ahead and save for their future.  When it is challenging to predict income, it is near impossible to plan for near-term or long-term financial goals.

Along with the Economic Opportunities Program, The Financial Security Program’s EPIC initiative hosted a panel conversation that explored cross-sector innovative solutions to both scheduling unpredictability and income volatility.

Panelists included:

  • Heather Boushey, Executive Director and Chief Economist at Washington Center for Equitable Growth
  • Will Eadie, Vice President Sales and Strategy at WorkJam
  • Ari Schwartz, Lead Organizer at DC Jobs with Justice
  • Lara Shock, Director, Associate Choice Initiatives at Walmart

● The Conversation

Full-length video of the conversation (1h 22m)

● Scope Of The Issue

● Meeting Materials

EPIC
INCOME VOLATILITY|CONSUMER DEBT

Income volatility is not a discrete, boutique problem. It's a new normal for American households.

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