• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
CommentaryEconomics

The U.S. economy is booming — just not where 50 million Americans live

By
Derek Kilmer
Derek Kilmer
Down Arrow Button Icon
By
Derek Kilmer
Derek Kilmer
Down Arrow Button Icon
May 1, 2026, 5:00 AM ET
Derek Kilmer
Democrat when he was a representative from Washington, in his former office in Washington, D.C., on Friday, Feb. 8, 2019. Zach Gibson/Bloomberg via Getty Images

I was in high school in the early 1990s when the timber town where I grew up took it on the chin. Mill closures and job losses left workers and families who had done everything right scrambling just to survive. Local stores struggled, schools tightened budgets, and public services shrank. For many, lost paychecks led to lost faith in the system in the country.

Recommended Video

During 12 years in Congress and now at The Rockefeller Foundation, I have seen that my hometown is similar to too many others. More than 50 million Americans live in economically distressed communities, marked by inadequate jobs, poorer health outcomes, higher crime, and frayed civic life.

We tend to lose sight of those distressed communities because overall job numbers are excellent. Last week’s data showed that unemployment is at its lowest point since 2022. Nationally, what’s called prime-age employment — jobs for those between 25 and 54 — hovers around 80%. But that masks deep geographic fractures. In about one-third of American counties, prime-age employment lags the national average by five percentage points or more — the definition of a “distressed community.” When prime-age employment is weak, the damage compounds: fewer paychecks, a smaller tax base, and a growing sense that hard work does not lead anywhere.

People in those communities aren’t doing anything wrong — they’re just not living in the right place. Economic opportunity in the United States has become astonishingly concentrated. In 2020, just over a hundred of America’s 3,000-plus counties accounted for half of all U.S. job growth.

Communities that never fully recovered from previous economic shocks risk falling even further behind as artificial intelligence reshapes work. While technology has always changed jobs, the speed and scale of AI are different, and people sense it. A Gallup survey finds that nearly one in four workers using AI say it’s “very” or “somewhat” likely that AI and automation will eliminate their job. 

So, how do we get more Americans working amid this level of economic change? Communities, working with states, employers, and federal partners, need to leverage new breakthroughs in how we get people connected to, and able to stay in, jobs.

First, we need to take place seriously, but differently than before. Traditional place-based strategies helped attract investment into communities, often by landing marquee employers or large capital projects. In many cases, that mattered. But too often, those strategies assumed opportunity would automatically reach local workers.

What’s different now is that access to work depends less on where investment lands and more on whether local systems actually connect people to jobs. In communities making progress today, workforce agencies align training with real hiring commitments, employers help shape local pipelines, and practical barriers like childcare and transportation are treated as part of the jobs system, not afterthoughts.

Second, jobs policy can’t stop at job creation. The U.S. economy has millions of open jobs, especially in healthcare, construction, and the care economy. Many go unfilled because workers lack access to short, job-aligned training to give them new or updated skills that match what employers are actually hiring for. Other times, workers are sidelined by practical barriers outside the workplace — like childcare, transportation, geographic distance, or unpredictable schedules. Communities making progress focus on alignment, not just supply. Training programs are designed with employers so credentials lead directly to hiring. Employers invest in retention and advancement, not just recruitment. And work-enabling infrastructure, especially childcare and benefits systems, is treated as part of the jobs system, because without it, people can’t reliably show up to work or stay attached as jobs change.

Take my hometown on Washington’s Olympic Peninsula, where communities long anchored by timber and natural-resource jobs have faced a slow, uneven transition. In some places, prime-age employment lags the national average by double digits. In response, local leaders have not chased one-off projects. Rather, they have organized a coordinated response that aligns workforce development, economic development, and supportive services around a simple goal: connecting people to existing jobs and emerging opportunities in maritime work, manufacturing, clean energy, and natural resources. That includes employer-driven training through the local community college, modern workforce partners that help people navigate transitions, and investments that reduce barriers like childcare and transportation.

Third, we need to modernize how we respond to disruption. Too many workforce systems — the combination of employers, training providers, public agencies, and benefits programs that connect people to jobs — were designed for a world in which job loss was episodic and recovery followed a relatively predictable path through retraining and re-entry. That is not the world AI is pushing us toward. The likelier reality is more frequent job transitions, faster task changes inside existing jobs, and shorter tenures. The risk is not only layoffs. It’s weakened attachment: when a worker encounters a disruption, falls out of the labor market, and struggles to climb back in.

AI will certainly eliminate some jobs. But it can also help workers move faster into new ones. Used well, AI can help people understand which roles are growing in their region, how their existing skills translate to those jobs, and what short, credible steps — often weeks or months, not years — lead to real hiring.

Employers need incentives and support to redeploy workers into new roles as tasks change, rather than defaulting to layoffs and rehiring. States should focus less on whether someone qualifies as “unemployed” and more on how quickly people move from one job to the next — by modernizing benefits and workforce services so workers can bridge transitions without losing income, health coverage, or momentum.

Philanthropy plays a distinct role by providing risk capital — testing approaches government and employers are often unable or unwilling to try first, from AI-enabled job navigation to new models designed around transitions rather than layoffs. When those approaches prove durable, states and employers are better positioned to adopt and scale them.

If large parts of the country continue to feel left behind, the consequences will continue to worsen. Economic exclusion erodes trust. Public trust in government is already near historic lows, especially pronounced in places where economic distress is persistent and where government often shows up more as an obstacle than as a partner.

But if we invest in people and places, adapt to technological change, and insist that opportunity be broadly shared, we can renew faith in the American Dream. The data show that communities that align employers, workforce systems, and practical supports have helped people get back to work and stay there, even amid economic disruption.

Progress is possible if communities fight for their people. I believe they will, because it is in times of great change and uncertainty that the American Dream has always been most worth fighting for, and most often renewed.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By Derek Kilmer
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon
Derek Kilmer is the Senior Vice President of U.S. Program and Policy for The Rockefeller Foundation, leading efforts to engage domestic and global leaders, civil society actors, businesses, and institutions to advance issues core to the foundation’s mission. Kilmer served six terms as a U.S. Representative, passing landmark economic development legislation to help economically distressed communities. Kilmer also served as Chairman of the Select Committee on the Modernization of Congress which passed over 200 recommendations to make Congress work better. Prior to Congress, Kilmer worked as a consultant for McKinsey & Co. and for a nonprofit focused on economic development. Kilmer earned an undergraduate degree from Princeton and a doctorate from Oxford.

Latest in Commentary

trump
CommentaryWhite House
Trump Accounts have a bigger problem than billionaire stock donations
By Jin Huang and Stephen RollMay 21, 2026
5 hours ago
brigham
CommentaryRailroads
The U.S. freight network is broken by design. One merger could start fixing it
By Brigham A. McCownMay 21, 2026
6 hours ago
Elon Musk sits with his fists together, looking up.
Commentaryspace
SpaceX will be worth trillions, but the space station that made it possible is worth even more — if we don’t squander it
By Tejpaul BhatiaMay 20, 2026
19 hours ago
trader
CommentarySoftware
The 50-year-old law that governed every software company just broke. Here’s what replaces it
By Martin Casado and Abhishek NagarajMay 20, 2026
1 day ago
FJ Campbell, MD, is chief medical officer at Ardent Health.
CommentaryHealth
A doctor shortage is coming. AI could be the only realistic fix
By FJ CampbellMay 20, 2026
1 day ago
trump
CommentaryCongress
Milken-Harris Poll: 80% of Americans want AI workforce programs now — and Washington hasn’t delivered
By Karen Kornbluh and Libby RodneyMay 20, 2026
1 day ago

Most Popular

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
2 days ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
1 day ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
4 days ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
20 hours ago
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
Workplace Culture
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
By Preston ForeMay 19, 2026
2 days ago
Current price of oil as of May 20, 2026
Personal Finance
Current price of oil as of May 20, 2026
By Joseph HostetlerMay 20, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.