WEF 2022: Every dollar invested in social jobs to yield $2.3 return

Jobs in the US include 4.2 million teaching jobs, 1.8 million in personal care and service workers, and 900,000 jobs in healthcare.

Every dollar the US invests in social jobs would generate a multiplier effect of 2.3 times the initial investment, said a report released by the World Economic Forum (WEF) on Thursday.

The white paper called 'Jobs of Tomorrow: The Triple Returns of Social Jobs in the Economic Recovery’ said investing in education, health and care jobs can yield a triple dividend, by boosting economic activity, expanding employment opportunities and generating social mobility. 

New modelling of the US economy suggests that investing $1 in social jobs would yield a $2.3 return, the report said, adding that the model estimates that $1.3 trillion in