The Making of the President 2016: Part 23 The Issues-Job Creation
The Clinton Campaign
According to the campaign website, an integral part of the Clinton campaign's strategy for job creation is support for labor and for worker's rights. Clinton has pledged that in her first 100 days as president, she will work across the aisle to make "bold investments" in infrastructure, manufacturing, research and technology, clean energy, and small businesses as a means of job creation. She has also promised to restore collective bargaining rights for unions and defend politically-motivated attacks on workers’ rights. She has pledged to work to strengthen the labor movement, to protect bargaining power, and to oppose attacks on collective bargaining.
Globally, she has promised to work to prevent countries like China from abusing global trade rules. She has also pledged to reject trade agreements, like the Trans Pacific Partnership (TPP) and any other trade deals that do not raise wages, create good-paying jobs, and enhancing national security.
Clinton has pledged to work to raise the minimum wage to what she calls a "living wage" and to strengthen overtime rules. She supports her party's push for a $15 minimum wage and also supports the Obama administration’s expansion of overtime rules. She has also pledged to invest in high-quality training, apprenticeships, and skill-building for workers and to offer incentives to companies to invest in workers, with rewards for companies that share profits and invest in their workers, while creating penalties for companies that move profits overseas to avoid paying U.S. taxes. She has threatened to make companies that export jobs give back the tax breaks they’ve received in America.
Clinton has promised to strengthen legislation protecting workers from employer misclassification, wage theft, and other forms of exploitation. She is committed to the concept of equal pay for women and guarantee paid leave. She has also pledged to protect retirement security, enhance Social Security (and is opposed to privatization of the program), and to fight efforts to undermine retirement benefits.
The Trump Campaign
Donald Trump has promised to create 25 million new jobs over the next decade. His position is that for each 1 percent in added gross domestic product (GDP) growth, the economy adds 1.2 million jobs and seeks to reach his target from increasing growth by 1.5 percent (which would result in 18 million jobs over 10 years) along with the projected current law job figures of 7 million, producing a total of 25 million new jobs for the American economy. Trump argues that real GDP grew only 1.1% in the second quarter of this year and that over the last seven years, real GDP grew 2.1%, the slowest seven-year period since at least the 1940s. Trump has promised to pass a "pro-growth tax plan" along with a new modern regulatory framework, an "America-First" trade policy, and an unleashed American energy plan.
Trump makes the case that change is required because of the poor performance of the Democratic administration that has been in office for the past eight years. He has expressed concern that over the last seven years, an additional 14 million people have left the labor force and that labor force participation is at its lowest rate since the 1970s. He claims that 1 in 5 American households do not have a single family member in the labor force and that 23.7 million Americans in their prime-earning years [ages 25-54] are out of the labor force, an increase of 1.8 million over the last seven years. He notes that hourly earnings and weakly earnings are lower today than they were in 1973 and alleges that the number of Americans on Food Stamps during has increased by more than 12 million during the Obama administration, with 2 million more Latinos in poverty today than when President Obama became president. He also asserts that 45% of African-American children under 6 are living in poverty and that 1 in 6 American men between the ages of 18-34 are either in jail or out of work. He points out that student loan debt exceeds $1.3 trillion, nearly doubling under the Obama administration, and that since President Obama took office, the national debt has doubled. He argues that U.S. trade deficit in goods reached nearly 800 billion dollars last year alone, and that the home-ownership rate in the United States fell to 62.9 percent in the second quarter, the lowest rate in 51 years.
Trump has stated in a speech to the New York economic club: "My plan will embrace the truth that people flourish under a minimum government burden, and it will tap into the incredible unrealized potential of our workers and their dreams."
Trump also proposes a “Penny Plan” which would reduce non-defense, non-safety net spending by one percent of the previous year’s total each year. Over ten years, the plan will reduce spending by almost $1 trillion without touching defense or entitlement spending.
According to the campaign website, an integral part of the Clinton campaign's strategy for job creation is support for labor and for worker's rights. Clinton has pledged that in her first 100 days as president, she will work across the aisle to make "bold investments" in infrastructure, manufacturing, research and technology, clean energy, and small businesses as a means of job creation. She has also promised to restore collective bargaining rights for unions and defend politically-motivated attacks on workers’ rights. She has pledged to work to strengthen the labor movement, to protect bargaining power, and to oppose attacks on collective bargaining.
Globally, she has promised to work to prevent countries like China from abusing global trade rules. She has also pledged to reject trade agreements, like the Trans Pacific Partnership (TPP) and any other trade deals that do not raise wages, create good-paying jobs, and enhancing national security.
Clinton has pledged to work to raise the minimum wage to what she calls a "living wage" and to strengthen overtime rules. She supports her party's push for a $15 minimum wage and also supports the Obama administration’s expansion of overtime rules. She has also pledged to invest in high-quality training, apprenticeships, and skill-building for workers and to offer incentives to companies to invest in workers, with rewards for companies that share profits and invest in their workers, while creating penalties for companies that move profits overseas to avoid paying U.S. taxes. She has threatened to make companies that export jobs give back the tax breaks they’ve received in America.
Clinton has promised to strengthen legislation protecting workers from employer misclassification, wage theft, and other forms of exploitation. She is committed to the concept of equal pay for women and guarantee paid leave. She has also pledged to protect retirement security, enhance Social Security (and is opposed to privatization of the program), and to fight efforts to undermine retirement benefits.
The Trump Campaign
Donald Trump has promised to create 25 million new jobs over the next decade. His position is that for each 1 percent in added gross domestic product (GDP) growth, the economy adds 1.2 million jobs and seeks to reach his target from increasing growth by 1.5 percent (which would result in 18 million jobs over 10 years) along with the projected current law job figures of 7 million, producing a total of 25 million new jobs for the American economy. Trump argues that real GDP grew only 1.1% in the second quarter of this year and that over the last seven years, real GDP grew 2.1%, the slowest seven-year period since at least the 1940s. Trump has promised to pass a "pro-growth tax plan" along with a new modern regulatory framework, an "America-First" trade policy, and an unleashed American energy plan.
Trump makes the case that change is required because of the poor performance of the Democratic administration that has been in office for the past eight years. He has expressed concern that over the last seven years, an additional 14 million people have left the labor force and that labor force participation is at its lowest rate since the 1970s. He claims that 1 in 5 American households do not have a single family member in the labor force and that 23.7 million Americans in their prime-earning years [ages 25-54] are out of the labor force, an increase of 1.8 million over the last seven years. He notes that hourly earnings and weakly earnings are lower today than they were in 1973 and alleges that the number of Americans on Food Stamps during has increased by more than 12 million during the Obama administration, with 2 million more Latinos in poverty today than when President Obama became president. He also asserts that 45% of African-American children under 6 are living in poverty and that 1 in 6 American men between the ages of 18-34 are either in jail or out of work. He points out that student loan debt exceeds $1.3 trillion, nearly doubling under the Obama administration, and that since President Obama took office, the national debt has doubled. He argues that U.S. trade deficit in goods reached nearly 800 billion dollars last year alone, and that the home-ownership rate in the United States fell to 62.9 percent in the second quarter, the lowest rate in 51 years.
Trump has stated in a speech to the New York economic club: "My plan will embrace the truth that people flourish under a minimum government burden, and it will tap into the incredible unrealized potential of our workers and their dreams."
Trump also proposes a “Penny Plan” which would reduce non-defense, non-safety net spending by one percent of the previous year’s total each year. Over ten years, the plan will reduce spending by almost $1 trillion without touching defense or entitlement spending.