CEOs repeat the adage, "our best asset is our people." To put this into practice in the 21st century, we must realign our incentives to encourage inclusive economic growth.

Here's the 2nd part of my 3-part series on the future of American capitalism:
senmarkwarner.medium.com/ii-investing-i…
The proposals surround 7 pillars:

1. Boosting Investment in Workers
2. Facilitating Lifelong Learning
3. Investing in Community Colleges
4. Promoting Skilled Workers
5. Funding R&D
6. Improving Human Capital Disclosure
7. Reforming the TAA Program
America’s past economic success was closely tied to our ability to prepare workers for success over their lives and through multiple sectors. Unfortunately, over the past several decades, we have seen a shift in business norms that threatens to leave workers behind.
In this second part of the series, I argue that the U.S. must start investing in American workers. If we are to create an inclusive 21st century economy, we must reform misaligned incentives to boost and ensure public and private investments in workers.

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More from @MarkWarner

5 Feb
The SAFE TECH Act doesn’t interfere with free speech – it’s about allowing these platforms to finally be held accountable for harmful, often criminal behavior enabled by their platforms to which they have turned a blind eye for too long. (1/8)
washingtonpost.com/technology/202…
For years, Section 230 provided a ‘Get Out of Jail Free’ card to platform companies as their sites are openly and repeatedly used by bad actors to cause damage and injury. Section 230 will be brought into the present-day with the SAFE TECH Act creating targeted exceptions. (2/8)
We’ve seen over and over again that online advertising is a key vector for all manner of frauds and scams, in many cases targeting the most vulnerable users such as seniors. (3/8)
qz.com/1751030/facebo…
Read 8 tweets
3 Dec 20
COVID has taken a toll on our society. We’re seeing a rise in permanent job loss, and it’s likely to worsen. For a more resilient economy in the 21st century, we need to shift modern American capitalism's focus.

Here's the first part of a 3 part series:
senmarkwarner.medium.com/toward-a-resil…
The proposals are organized around 3 central pillars of reforms:

1. Rebuilding the safety net for a 21st century economy.
2. Reorient priorities to invest more in workers.
3. Reform our corporate system for a more sustainable form of capitalism.
Today, we see corporation after corporation outsourcing low wage workers – usually without any benefits. In a pandemic, that makes our entire society vulnerable. We need to create a 21st-century social contract.
Read 6 tweets
22 Oct 20
Iran is now actively seeking to sow dissent and divide us, much like Russia did in 2016 and continues to do today.
Yesterday, DNI Ratcliffe & FBI Director Wray took an extraordinary step to ensure Americans have a clear insight into the efforts of our adversaries to undermine our democratic institutions, including U.S. election systems and infrastructure.
To the American people & the media, we repeat the need to be skeptical of sensationalist, last-minute claims about election infrastructure. State, local, & federal officials & partners in social media & tech should be proud of joint efforts to shut down Iranian & Russian efforts.
Read 4 tweets
6 Oct 20
Just this morning, I encouraged Facebook to take the threat of QAnon more seriously, given increasing evidence that they have, in large part, propelled its growth.
warner.senate.gov/public/index.c…
I’m pleased to see Facebook is now taking action against this harmful and increasingly dangerous conspiracy theory and movement.
We’ve seen in a myriad of other contexts, including concerning right-wing militias like the Boogaloos, that Facebook has repeatedly failed to enforce its existing policies consistently.
Read 4 tweets
24 Sep 20
Our nation has a 200-year history of successful elections, followed by a peaceful transfer of power. Yesterday, the Senate Intelligence Committee received a briefing on election security from our nation’s top officials.
We all know that the election process will look different this year, in light of COVID-19, and we may not know the results on election night. The Intelligence Community (IC) warned that, as a result, the period immediately before and after the election could be uniquely volatile.
But we should continue to have faith in the state and local officials who are responsible for the conduct of our elections and the IC and Cybersecurity and Infrastructure Security Agency (CISA) officials who help to protect them, and make sure that all the votes are counted.
Read 4 tweets
11 Sep 20
Despite the constant surge in COVID cases, @ICEgov has endangered a staggering number of lives of detainees and Virginians because it decided to transfer detainees during this pandemic. Have they no shame?

Sen. @timkaine and I have raised the alarm about these transfers before.
On June 26, Sen. Kaine and I called on @ICEgov to stop transferring detainees amid this pandemic.
warner.senate.gov/public/index.c…
On July 16, Sen. Kaine and I kept the pressure on @ICEgov to stop transferring detainees amid a surge of #COVID cases in detention centers.
warner.senate.gov/public/index.c…
Read 5 tweets

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