Creating Jobs in the U.S.A 2016
By: Matthew Murphy
WHY DOES UNEMPLOYMENT AND JOB CREATION MATTER IN AMERICA?
"It is the issue consistently ranked as the most important by voters in poll after poll and while it rarely stirs passionate protest, voters make themselves clear every four years."
There is one essential thing Americans want most from their president: jobs.
In the 2016 election, two major party candidates. Hillary Clinton and Donald Trump, have vastly different approaches to how to create them.
THE CONTROVERSY SURROUNDING THIS TOPIC
AS PRESIDENT, TRUMP CLAIMS THAT HE WILL:
1. Set Tax Reforms---
- Simplify taxes for everyone and streamline deductions. Biggest tax reform since Reagan.
- Lower taxes for everyone, making raising a family more affordable for working families.
- Reduce dramatically the income tax.
- Simplify the income tax from 7 brackets to 3 brackets.
- Exclude childcare expenses from taxation.
- End the death tax.
2. Regulatory reforms—
- A temporary pause on new regulations and a review of previous regulations to see which need to be scrapped.
- Remove bureaucrats who only know how to kill jobs; replace them with experts who know how to create jobs.
- Targeted review for regulations that inhibit hiring.
- The Department of Interior’s moratorium on coal mining permits, which put tens of thousands of coal miners out of work.
- Will end with excessive regulations that are costing our country as much as 2 trillion dollars a year
3. Trade reforms—
- Appoint trade negotiators whose goal will be to win for America: narrowing our trade deficit, increasing domestic production, and getting a fair deal for our workers.
- Bring trade relief cases to the world trade organization.
- Label China a currency manipulator.
- Apply tariffs and duties to countries that cheat.
- Direct the Commerce Department to use all legal tools to respond to trade violations.
REPUBLICANS IN CONGRESS PLAN TO:
Republicans believe that the employer-employee relationship of the future will be built upon employee empowerment and workplace flexibility, which is why Republicans support employee ownership. They believe employee stock ownership plans create capitalists and expand the ownership of private property and are therefore the essence of a high-performing free enterprise economy, which "creates opportunity for those who work and honors those values that have made our nation so strong."
The major crisis of the current period is not unemployment, but the rapid decline in working-class wages. While unemployment remains too high, the more serious problem is that real wages for American workers have declined by 16% over the last 20 years. Republicans argue that miserable wages are good for America because they keep the country competitive. For workers, of course, this "competition" means a race to the bottom: "responding to wages paid in China, sometimes they will be as low as $0.20/hour."
AS PRESIDENT, HILLARY CLINTON WILL:
Launch our country’s boldest investments in infrastructure since the construction of our interstate highway system in the 1950s.
To advance our commitment to research and technology in order to create the industries and jobs of the future.
Establish the U.S. as the clean energy superpower of the world—with half a billion solar panels installed by the end of her first term and enough clean, renewable energy to power every home in America within 10 years of her taking office.
Strengthen American manufacturing with a $10 billion “Make it in America” plan.
Cut red tape, provide tax relief and expand access to capital so small businesses can grow, hire, and thrive.
Ensure that the jobs of the future in care giving and services are "good-paying jobs, recognizing their fundamental contributions to families and to America".
Pursue smarter, fairer, tougher trade policies that put U.S. job creation first and get tough on nations like China that seek to prosper at the expense of our workers. This includes opposing trade deals like the Trans-Pacific Partnership that does not meet a high bar of creating good-paying jobs and raising pay.
Commit to a full-employment, "full-potential economy and break down barriers so that growth, jobs, and prosperity is shared in every community" in America.
Unlike Donald Trump, Hillary knows we are stronger together. That means building an economy that works for everyone, not just those at the top—and that’s why she is offering real solutions to create more good-paying jobs and get incomes rising across the board.
DEMOCRATS IN CONGRESS PLAN TO:
HOW DO OTHER PRESIDENTIAL CANDIDATES FEEL?
- Support canceling student loan debt
- Call for creating living wage jobs that transition the U.S. to a green economy and restore infrastructure
- Support jobs as a right
As for Gary Johnson, he hopes to:
- Allow a regulatory and tax environment that incentivizes fairness. Not one that picks winners and losers. "The purpose of government regulation is to protect citizens from bad actors and the harm they might do to health, safety, and property."
- Get rid of the unnecessary laws and taxes that syphon the resources businesses use to create the jobs we need.
HOW WILL THIS PROBLEM BE FIXED?
There are many solutions to unemployment, including government-funded training for workers and worker relocation to areas that offer jobs. Organizations like the Library of Economics and Liberty argue that the elimination of social welfare programs would actually reduce unemployment.
According to the University of Notre Dame, a viable solution to unemployment is "the use of subsidies to companies that provide workers with training. One of the factors of unemployment is that workers do not have the skills necessary to remain competitive in the labor market." Subsidies solve this problem by motivating firms to hire workers who do not possess the desired skills, without worrying about lost funds.
The Library of Economics and Liberty states that "welfare and unemployment insurance contribute to unemployment by giving people the means and incentive to continue unemployed without looking for work." A solution to this problem would be to reduce or get rid of unemployment insurance.
WHO IS PREVENTING JOB CREATION?
America thinks that it will remain competitive against other foreign countries if our employment stays at low levels. Yet, all this has done is slow down our economy and cause a societal unrest.
Our next president should be able to fix this major issue. That is why YOU should vote during the 2016 presidential election on Tuesday, November 8, 2016.