Our Why
In the United States, we are experiencing continually declining social mobility to the point where the majority of young people today will be economically worse off than their parents, as measured by lifetime earnings.
Meanwhile, we know that parental wealth is more important than interest and skill in determining who becomes an inventor. Children born into the richest 1 percent are 10 times more likely to be inventors than those born into the bottom 50 percent.
Economists estimate that if women, people of color, and children from low-income families became inventors at the same rate as men from high-income families, innovation in the United States would quadruple. And if innovation in the United States quadrupled, driven by the ideas and solutions of our most marginalized communities and citizens, it would fundamentally change the direction across everything from social mobility and racial equity, to economic competitiveness, the environment and even national security. And there is no better vehicle to unlock that potential than making.