F.B. Heron Foundation's Clara Miller Writes About Building a Foundation for the 21st Century
For over fifty years, the global economy (and that includes the U.S. economy) has felt the effects of three related long-term trends, widely reported and acknowledged.
They are: first, a weakening of the pull of place (geography has become less critical to transshipment and the manufacture of value-add products and, therefore, city location is less of a factor for business’ location decisions); second, disintermediation (cutting out the middleman, whether it’s broadcast and print media, music distributors, Main Street retailers, brick-and-mortar banks, or financial printers, to name just a few); and third, closely related to both, the explosion in the use of information technology, meaning that in labor markets there are more journeymen, no assurance of life employment, and a continual evolution of skills needed to make a living.
In the social sector, as we build enterprises and invest capital, we may be depending on assumptions based on an obsolescent economic framework...