Hillary Clinton Renews Push for Apprenticeships, Supports Tax Credits for Companies
Hillary Clinton, the favorite among Democrats to run for president, announced on Wednesday her support for apprenticeships, which she believes will help younger people enter the work force in their desired career paths.
Clinton attended a forum at Trident Technical College in North Charleston, South Carolina where she outlined plans to incentivize businesses to establish apprenticeships and bring young workers into various fields.
To encourage and reward businesses, Clinton supports a tax credit of $1,500 for every apprentice a company employs. The program would also ensure accountability "and earnings outcomes for programs receiving the credit."
"Clinton also said that businesses should receive a bonus on that tax credit for providing opportunities specifically for young people," the release stated.
Senators Cory Booker (D-N.J.) and Tim Scott (R-S.C.) introduced a bill last year called The Leveraging and Energizing America's Apprenticeship Programs or "LEAP" Act, which would enact the same proposals Clinton supports.
On his website, Sen. Booker's office makes a point that most apprentices in the country have an average age of 29. To remedy this, a $1,500 tax incentive would encourage businesses to hire apprentices 25 years old or younger. Apprentices over 25 years of age would earn a company a $1,000 tax credit.
Clinton argued the tax credit would be a boost for all those involved: workers would receive much needed experience and training; community colleges and other training provides would receive support and help fill employment gaps in the local economy; employers would benefit from better trained employees; and government would become "a more effective partner" between all these groups.
According to the Guardian, apprenticeships would radically help young American workers looking for jobs. While the majority of American recent graduates have gained experience through either unpaid or paid internships, these rarely mean a secure job offer when the internship ends.
Around 36 percent of Americans who had paid internships received a job offer when the internship ended. This number drops to 17 percent for unpaid internships. However, in Germany, a nation that has embraced apprenticeships, roughly half of those who participate in apprentice programs are hired afterwards.
Whereas between 500,000 and 1 million U.S. students and recent graduates partook in unpaid internships, 1.5 million young Germans were in apprenticeships. Of these, 750,000 continued working for the same company when the program period ended.
As Clinton's press release highlights, apprenticeships enjoy bipartisan support and will only serve to help improve young Americans' job prospects.
The Bureau of Labor Statistics reported 10.1 percent of Americans between the ages of 20 and 24 were unemployed. This contrasts with the overall national trend of around 5.5 percent unemployment.
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