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How Economic Justice Can Create Economic Prosperity: The Year Up Model.

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Presentation on theme: "How Economic Justice Can Create Economic Prosperity: The Year Up Model."— Presentation transcript:

1 How Economic Justice Can Create Economic Prosperity: The Year Up Model

2 2 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 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

3 3 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

4 4 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.

5 5 Overview of Year Up: Year Up’s Theory of Change Support Educational Stipend Mentors Staff Advisors Experience Paid Corporate Internship Staff Support Guidance Contract Customized transition to work/college Education Technical and Professional Skills College Credit

6 Snapshot: Student Growth Students Served by Year Founding Class

7 7 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

8 Three Strategies : $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

9 Questions? empowering urban talent to reach their potential


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