19 of 22
BACKNEXT
Jobs and Wages
Jobs and Wages
Obama's plan for turning around the economy takes an activist role that includes increasing wages and spending on public works.

· Fund federal workforce training programs and direct these programs to incorporate "green" technologies training.

· Raise minimum wage to $9.50 an hour by 2011 and tie future rises to inflation.

· Double federal funding for basic research and make R&D tax credit permanent.

· Set up $60 billion infrastructure investment bank to help fund public works. Also, create a $25 billion emergency Jobs and Growth Fund to fund other infrastructure projects.

· Establish tax credit for companies that maintain or increase the number of full-time workers in America relative to those outside the U.S.

· Give a temporary tax credit of $3,000 in 2009 and 2010 to companies for each new full-time employee it hires in the United States.

· Temporarily eliminate taxes on unemployment benefits.

· Advocate for stronger unionization.

"We will provide incentives to businesses and consumers to save energy and make buildings more efficient. That's how we're going to create jobs that pay well and can't be outsourced." -- Obama*


NEXT: Wall Street
Last updated November 06 2008: 11:36 AM ET
Source:
*June 16, 2008, Speech, Flint, Mich.
More Galleries
8 must-have travel apps Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More
Hot stocks: 10 record breaking companies The S&P 500 is trading at all-time highs, and many well-known businesses are leading the charge. Time to buy or sell? More
My biggest retirement mistake Five CNNMoney readers share stories about saving that you can learn from. What they would do differently if they had another chance. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.