At MLT, we exist to advance equality and enhance economic and social mobility.
We do this via programs that primarily benefit individuals who lack access to career accelerating resources, and by working with major employers to help them build inclusive workforces, develop their next generation of talent, and create cultures of fairness where all employees can thrive.
Closing wealth gaps requires addressing their primary drivers, which are not generally well understood. Recent research by the Federal Reserve Bank of Boston shows that 75% of the gap is caused by differences in lifetime earnings and benefits. Contrary to popular belief, intergenerational transfers (inheritances and gifts) account for only ~15% of wealth gaps.
MLT addresses four critical pillars that have the potential to significantly close persistent wealth gaps within one generation:
60% of at-risk four-year college graduates start their careers unemployed or underemployed. Our solution is proven to close the starting salary gap, ensuring that educational attainment results in better economic conditions.Economic Mobility for Students
Employers directly control the two largest contributors to economic mobility: pay and benefits. Given that around two-thirds of Americans work for medium and large employers (a trend that has been increasing for the past several decades), we can meaningfully increase economic and social mobility by improving employer practices. MLT provides employers with a comprehensive roadmap, benchmarks, and support for effectively and systematically increasing equal opportunity that is shown to increase progress.Equitable Employer Practices
Looking at the overall leadership pipeline, many talented individuals hold less than 3% of senior executive roles at major companies, despite representing over 30% of college graduates. Helping more professionals succeed throughout their careers is critical for both closing wealth gaps and creating more leaders from all backgrounds who will help to advance more equitable employer practices. Maximizing Career Trajectories
MLT is working to ensure that all individuals are able to participate in the wealth-generating opportunities associated with entrepreneurship and the influence that comes with starting companies and generating personal wealth (e.g., the opportunity to fully control company policies, practices, and investments to steer them in a more equitable direction).Entrepreneurs and High Growth Businesses