Second Chance Economics

Told in rigorous, data-driven prose, Second Chance Economics uncovers the nature of waste, potential, and profit, and how instruments of change can come from the unlikeliest of places.

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The Untold Economic Story

In the United States, an astounding 77 million Americans have a criminal record. It is a systemic crisis with profound economic consequences, creating lifelong collateral consequences not only for individuals but for the national economy.Justice-impacted people face nearly insurmountable barriers to gainful employment, which fuels a recidivism rate of 71% within five years of release. Using in-depth analysis, Shetty reveals the cost of our criminal justice system is $1.2 trillion every single year.

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A New Economic Engine

This book is not about criminal justice reform. This book is about unlocking economic prosperity at the individual, community and national level.Through the stories of data—whether from corporate case studies or cost-benefit analyses—Shetty demonstrates powerful lessons about how second chance hiring can reduce labor gaps, lower turnover costs, and unlock a virtuous cycle of economic growth.

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Nevin Shetty

Nevin Shetty is a seasoned financial executive and strategic leader whose career spans hedge fund management, early stage and growth stage technology companies, corporate turnarounds, and family office operations.As a CFO, Mr. Shetty has collectively raised over $300M from pension funds, private equity funds and venture capital funds. Shetty’s financial acumen and operational leadership has led to the creation of more $1.5 billion of shareholder value.For more information about Nevin Shetty and his work, please visit
www.nevinshetty.com

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