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Cory Booker on Jobs

 

 


Fair wage jumpstarts consumer spending and creates jobs

Sen. Booker believes that anyone who is willing to work hard and play by the rules should be able to succeed in America. He supports raising the minimum wage because he knows that when a family is able to earn a fair wage, they are able to create a more stable & healthier living environment for their children, to invest in our national economy, and to be involved in their communities. Raising the minimum wage could cut the number of Americans living in poverty, jumpstart consumer spending & create jobs.
Source: 2017 Press Release from Senate office booker.senate.gov , Apr 1, 2017

$1,000 tax credit for job-training apprenticeships

Sens. Cory Booker (D-NJ) and Tim Scott (R-SC), the two African-American members of the US Senate, are bridging significant political differences and teaming up on legislation for the first time.

Booker and Scott are unveiling a proposal that would promote apprenticeships in highly-skilled trades, a move designed to help fill millions of technical jobs in the construction, manufacturing energy and telecommunications industries, while also creating jobs for younger Americans, especially minorities struggling to find work.

Booker and Scott's LEAP Act (Leveraging and Energizing America's Apprenticeship Programs) would provide tax credits to employers who offer apprenticeships to younger job applicants. Companies that offer apprenticeships to people under age 25 would receive a $1,500 tax credit and a $1,000 credit for apprentices above age 25. Apprenticeships, unlike office internships, offer a combination of on-the-job training and instruction in highly-skilled occupations.

Source: Washington Post on 2014 New Jersey Senate race , Apr 9, 2014

Great Recession decreased hourly wages overall

Too many New Jerseyans are still hurting. While the economy has started to come back from the worst economic downturn in generations, New Jersey was the last state in the country to join the jobs recovery, and we continue to lag behind. Even among those who are employed, too many are finding that jobs aren't paying like they used to. Paychecks are getting smaller and bills are piling up.

Occupations in fields such as construction and manufacturing, with median hourly wages of $13.84 to $21.13--the middle third of the pay scale--accounted for 60 percent of job losses during the worst part of the recession. As the recovery progressed, however, those jobs didn't come back. Instead, it was lower-wage occupations--those with median hourly wages of $7.69 to $13.83--that accounted for 58 percent of all job growth.

Source: 2013-2014 New Jersey Senate campaign web CoryBooker.com , Nov 3, 2013

Gender wage gap problematic; minority wage gap worse

America has come a long way in the struggle for equal rights but we are still far short of realizing the promise of our ideals. For every dollar a New Jersey man earns, on average, a woman earns only 79 cents for equal work. That reflects some improvement from the 59 cents women in made 50 years ago, but the wage gap today is even more problematic because the number of female breadwinners has quadrupled. To add to this injustice, nationally, African American and Latina women earn only 64 cents and 55 cents, respectively, for every dollar their male counterparts earn.

Our work will not be done until we live in a nation where equal work means equal pay. And that's why, as your Senator, I will work to make the long overdue promises advanced by the 2009 enactment of the Lilly Ledbetter Fair Pay Act a reality by supporting further efforts to close the income gap between men and women, including the Paycheck Fairness Act and raising the federal minimum wage.

Source: 2013-2014 New Jersey Senate campaign web CoryBooker.com , Nov 3, 2013

1/3 of all NJ development is in Newark, where only 3% live

Q: As the Mayor of Newark: Unemployment there is over 13%. Why have you not been able to make more progress in this particular area?

BOOKER: Well, politics is a zero-sum game. The spirit of Martin Luther King taught me that love multiplies and hate divides. We've got too much division going on in our politics. Where people come together, you make remarkable results. Well, Chris Christie and I disagree on most things. But if we just sat back in our relative partisan positions, we wouldn't have gotten anything together. The fact that we've come together right now has created the largest economic development period in Newark in over a generation. In fact, we are 3% of the state's population with a third of all the development in New Jersey is going on in Newark, in commercial multi-families. Our biggest boom, period, because we found ways to get together.

Source: Meet the Press 2013 on 2014 New Jersey Senate race , Aug 25, 2013

2002 campaign: unemployment & housing hasn't improved

Until 2002, Newark Mayor Sharpe James appeared to be an invincible political figure. Since first winning elective office in 1970, he had never lost an election. Something changed in 2002.

Cory Booker was not the typical, weak, opponent. Challenging a 16-year incumbent may strike some as a quixotic enterprise, but a number of factors suggest that Booker's run in 2002 could be classified as strategic. Booker maintained that conditions in the city (i.e., high unemployment, low home ownership, and low high school graduation rates) had not improved since James had taken office. Moreover, James' administration had been implicated in corruption scandals.

Sharpe James responded to Cory Booker's candidacy by making the election a contest of racial authenticity. Because James realized that he was losing among whites and Latinos, he knew he had to consolidate the black vote, calling James the "real deal." [Booker lost 53%-46%]

Source: The New Black Politician, by Andra Gillespie, p. 63-4 , May 7, 2012

Passed laws on prevailing wage & large-scale firings

Our Administration has taken numerous steps [on labor issues]: from being the first city in New Jersey to adopt a prevailing wage law to the first city to pass legislation to prevent large scale firing of workers when new contracts are awarded.
Source: 2008 State of the City Address , Feb 1, 2008

Held over 100 Job Fairs to employ local residents

Source: 2002 Newark NJ Mayoral campaign website CoryBooker.com , Feb 7, 2002

Raise the minimum wage to $10.10 per hour by 2016.

Booker co-sponsored Minimum Wage Fairness Act

Congressional summary: Increases the federal minimum wage for employees to:

  1. $8.20 an hour beginning 6 months after enactment
  2. $9.15 an hour beginning 1 year later,
  3. $10.10 an hour beginning 2 years later, and
  4. an amount determined by increases in the Consumer Price Index, beginning annually after 3 years.

Proponent's argument in favor (RaiseTheMinimumWage.com): The federal minimum wage of $7.25 per hour remains decades out of date, and the federal minimum wage for tipped workers--$2.13 per hour--has not increased in over 20 years. The minimum wage of the past provided significantly more buying power than it does today. The minimum wage of $1.60 an hour in 1968 would be $10.56 today when adjusted for inflation.

Opponent's argument against: (Neil King in Wall Street Journal, Feb. 24, 2014): The CBO concluded that a jump in the minimum wage to $10.10 an hour could eliminate 500,000 jobs. For Republicans, the report provided ammunition that a higher minimum wage would kill jobs. Democrats pointed to the CBO's findings that the higher wage would lift 900,000 people out of poverty. But both sides missed a key finding: That a smaller hike from the current $7.25 to $9.00 an hour would cause almost no pain, and still lift 300,000 people out of poverty while raising the incomes of 7.6 million people.Congressional Budget Office report:: Once fully implemented, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3%. Some people earning slightly more than $10.10 would also have higher earnings, due to the heightened demand for goods and services. The increased earnings for low-wage workers would total $31 billion. Accounting for all increases and decreases, overall real income would rise by $2 billion.

Source: S.1737 & H.R.1010 14-S1737 on Nov 19, 2013

Other candidates on Jobs: Cory Booker on other issues:
NJ Gubernatorial:
Barbara Buono
Chris Christie
Jack Ciattarelli
Joe Rullo
John Wisniewski
Kim Guadagno
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Jeff Bell
Murray Sabrin
Robert Menendez
Rush Holt
Steve Lonegan

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Page last updated: May 26, 2017