Business Standard

WEF 2022: Every dollar invested in social jobs to yield $2.3 return

Jobs in the US include 4.2 million teaching jobs, 1.8 million in personal care and service workers, and 900,000 jobs in healthcare.

Unemployment, jobs, economy, people

Photo: Bloomberg

BS Web Team
Every dollar the US invests in social jobs would generate a multiplier effect of 2.3 times the initial investment, said a report released by the World Economic Forum (WEF) on Thursday.

The white paper called 'Jobs of Tomorrow: The Triple Returns of Social Jobs in the Economic Recovery’ said investing in education, health and care jobs can yield a triple dividend, by boosting economic activity, expanding employment opportunities and generating social mobility. 

New modelling of the US economy suggests that investing $1 in social jobs would yield a $2.3 return, the report said, adding that the model estimates that $1.3 trillion in

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First Published: May 26 2022 | 4:44 PM IST

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