“Hard Hats for Hillary” isn’t some concept that has been designed to protect Hillary Clinton from her doubters, but instead her latest focus of her campaign to boost jobs in the country.
Clinton has set aside $275 billion that will strategically target the country’s infrastructure, in a bid to rejuvenate the employment market and find more jobs for the skilled trades.
Clinton’s proposals suggest that around $25 billion will be set aside for an infrastructure bank. The most interesting part of her concept is that she’s predicting around $225 billion extra will be generated by private investment. This is due to the fact that a lot of the infrastructure plans target roads, bridges and buildings across the country that all need re-constructing.
To pay for the extra spend, Clinton has suggested that changes to the way in which businesses are tax will be the primary method. Unfortunately, no details on this have yet come to light.
One of the reasons why Clinton has targeted infrastructure jobs is because of the number of high-paying salaries that this industry is renowned for. The average infrastructure worker will take home $38,810 per year – which puts them higher than the national median for all other sectors. Clinton has also said that as well as improving the jobs market, the improvements will have a domino effect on the economy as logistics becomes much easier for businesses.
It’s also worth mentioning that considering how many difficulties the construction industry has faced over recent years due to the recession, any plan to boost spending in this area is likely to be met by applause by anyone who is involved in the sector.
However, Clinton isn’t the only candidate who is looking to use infrastructure to her advantage in the election. Sen. Bernie Sanders has upped the ante even more, suggesting that he would mastermind a $1 trillion plan for investment in infrastructure. If we turn back the clock, President Barack Obama has always promised spending in this area as well, pledging $478 billion in his 2016 budget.