Fourth Economy

About Fourth Economy: Fourth Economy is a national community and economic development consulting firm that focuses on fostering action to create great communities, impactful organizations, and strong economies. Economic Vulnerability in the Land of Opportunity: Confronting Economic Injustice: The COVID-19 pandemic is far more than a public health crisis or an economic crisis. It has revealed the cracks in America's social capital - cracks that have long been visible to those caught in them, but that too many of us have largely ignored. I recently wrote about who the economy serves and how well it is serving the people of the United States. In short, the economy is not serving us well. It creates too few good jobs and does little to create opportunities for social mobility that can break generational disparity. The Pittsburgh region's economic profile prior to this crisis was not unique. Despite increasing confidence that the regional and national economies were in a 'growth mode' before the pandemic, we see now that more than half of our working residents are economically vulnerable. Our economy creates jobs that leave too many people on the precipice of disaster. For many of those impacted by this pandemic, hitting the reset button only pulls them back to the cliff's edge.