The construction you describe appears in Tamvakis' The connection between representation theory and Schubert calculusThe connection between representation theory and Schubert calculus (Enseign. Math. 50 (2004), 267-2860). Basically, instead of working with representations of $GL(n)$ he works with representations of Vec, which he then applies to the tautological bundle over the Grassmannian. The main result is that this map corresponds (part of) the basis of irreps with the basis of Schubert classes.
David Roberts
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