Speaking from the New School in Manhattan, New York, on July 13, Democratic presidential candidate Hillary Clinton outlined an economic strategy that would force corporations to use more of their profits to pay higher wages to all employees, further signaling a campaign strategy to counter the liberal policies of her primary opponents.
“We need new ideas … One that I believe in and will fight for is profit sharing,” Clinton said to the New School crowd, voters who are known to be more supportive and receptive to liberal ideologies.
“Hardworking Americans deserve to benefit from the record corporate earnings they helped produce," Clinton said. "So I will propose ways to encourage companies to share profits with their employees...Studies show profit sharing gives everyone a stake in a company’s success and can boost productivity and put money directly into employees’ pockets. It’s a win-win."
The appearance was Clinton’s first major speech on economic policies since her presidential announcement earlier this year. While Clinton remains far ahead of any of her Democratic rivals, insiders say the campaign is concerned about the growing popularity of Vermont Sen. Bernie Sanders, a self-described “democratic socialist” who has been gaining ground with his liberal views on banks, student loans and the minimum wage.
Clinton also commented on using technology in the workforce, saying that it can become an even more useful tool if regulated properly.
“In an age of technological change, we need to provide pathways to get skills and credentials for new occupations and create online platforms to connect workers to jobs. There are exciting efforts underway, and I want to support and scale the ones that show results,” Clinton said.
Clinton also supported the idea of tax reform and pledged to provide tax credits, up to $1,500 worth, for each employee that businesses hire and train.
Possibly sensing an increasing support base for her top Republican rivals, Clinton criticized recent comments from former Florida Gov. Jeb Bush when he said that to increase productivity in the economy, employees “need to work longer hours.”
“Well, he must not have met very many American workers. They don’t need a lecture. They need a raise,” she quipped.
Clinton also attacked Florida Sen. Marco Rubio and Wisconsin Gov. Scott Walker, calling the latter’s successful campaign against labor unions in his home state “mean-spirited and misguided.”