how economic justice can create economic prosperity: the year up model
TRANSCRIPT
How Economic Justice Can Create
Economic Prosperity:
The Year Up Model
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• More than 40% of public high school students who manage to graduate are unprepared for either college courses or anything beyond an entry-level job
• Less than 10% of low-income individuals ever earn a college degree
• By 2035 the United States will be a majority minority country
• 40% of all jobs in the US require the use of technology and on average pay 45% more than jobs that do not require the use of technology
• The minimum wage is not a livable wage in most American cities
• By 2015, 8 out of 10 jobs will require some form of post-secondary education
Overview of Year Up: The Opportunity Divide
The “livable wage” job market is increasingly demanding
higher levels of skill from its workforce
The “livable wage” job market is increasingly demanding
higher levels of skill from its workforce
The country’s fastest growing demographic groups
are receiving the least amount of education
The country’s fastest growing demographic groups
are receiving the least amount of education
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4.4M disconnected young adults, of
which 1.7M have graduated from high school or obtained a GED, but remain out of work and out of school
Roughly half of the 1.7M live in the top 30 metropolitan areas in the US
Note: “Disconnected” defined as not in school, not employed or in the military and no education beyond high school
Year Up works exclusively with low-income, at-risk 18 to 24 year olds
Overview of Year Up: The Effect on our Society
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Overview of Year Up: Our Mission
Year Up’s mission is to close the Opportunity Divide by providing urban young adults with skills, experience, and support that will empower them to reach their potential through professional careers and higher education.
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Overview of Year Up: Year Up’s Theory of Change
SupportEducational
Stipend
Mentors
Staff Advisors
Experience
Paid Corporate InternshipStaff Support
GuidanceContract
Customized transition to
work/college
Education
Technical and Professional Skills
College Credit
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2011
Snapshot: Student Growth
2001
2006
2005
2004
2002
2003
2007
2008
200
400
600
800
Students Served by Year
22 3090 12
0
205
352
506
628
2009
793
Founding Class
2010
1014
6
1200
1362
1400
1000
0
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Snapshot: Our Results
4,413 students served
100% placement of qualified students into internships
95% of interns meet or exceed expectations of internship partners
84% of alumni employed or enrolled in college full-time within four months of graduation
Average starting graduate salary of $30,000
A randomized controlled study proved that Year Up
graduates earned an average of 30 percent more than non-participants of the program
Three Strategies 2012-2016: $55 Million
Grow and Strengthen
the Core
Develop the Million-
Person Model
Create Systems Change
Grow and Strengthen our core model to serve 2,500 students annually
Design alternative program models that can scale to serve 100,000 students annually
Continue our efforts to change systems at the national and local levels
Questions?
empowering urban empowering urban talent to reach their talent to reach their potentialpotential