Job Creation in Louisiana
- Restore home and business incentives to move to renewable energy
Renewable energy was our fastest growing job sector before Trump shifted resources to coal and oil production. This dramatically cut the creation of high paying renewable energy jobs. Louisiana is uniquely suited to take advantage of solar and tidal energies due to the amount of sun we receive but our state is nearly dead last in taking advantage of this. If we were to restore this incentive for homeowners the industry would return to adding over 100,000 high paying jobs a year here in Louisiana. And this industry paid for the training for these jobs at no cost to the state.
- Change tax system to discourage shipping jobs overseas
Use the existing tax system to give American companies tax incentives to manufacture their goods in the U.S. with American labor.
- Enact a livable wage
This will allow millions of people to increase the quality of their lives and they will have more income to buy what they need which creates more product demand and companies will hire more people to meet this demand.
- Focus on technical training
Millions of jobs are going unfilled because we lack the skilled workers to fill these positions. We must focus on technical training, revamping our education system to help students with better critical reasoning where they will be better suited for a more in-demand technical workforce. How do we pay for this? By stopping companies like Exxon from using loopholes on the tax they pay for the oil they refine at their plants in Louisiana. Currently they only are taxed for the actual oil from Louisiana they refine. That is why they import 99% of all the oil they refine from the Middle East. They end up only paying tax on that 1% of oil that they use from our state while the vast majority of the oil pumped out of Louisiana ends up being shipped right back overseas. This is all done to avoid that tax.
- Steer more students into technical schools.
Although education is more important than ever, there are still a lot of jobs that require some technical training but not a college degree, such as dental hygienists, paralegals, welders, electricians, and a variety of medical technicians. Steering more students into vocational or technical schools at a younger age could generate more workers with skills that employers need.
• Enhance the payoff of a college degree.
Too many students earn degrees in arts, literature and social sciences, while there's a shortage of math, science and engineering grads. More effort should be used to guide students to where the jobs are, which would raise the payback for getting a college degree and encourage more to attend. Colleges could help by offering more three-year programs and other ways to cut costs.
• Reduce Interest Rates
With a lower Federal interest rate, consumers can borrow and spend more, allowing businesses to expand to meet the increased demand. Then companies will hire more workers, whose incomes rise, allowing them to shop even more.
• Help small businesses find foreign customers.
Big companies have taken full advantage of globalization, but small businesses have a much harder time finding foreign markets for their products. Cities could help by setting up outreach groups that help promote local businesses abroad.
• Create a national jobs database.
There’s a growing mismatch between the skills workers have and the skills companies need, which is one reason many people end up out of work so long. An accurate and up-to-date national jobs database could detail the kinds of jobs that are available by county or city. The government could do it, but private entrepreneurs could, too.
• Lure American companies back home
U.S. companies that sent jobs overseas 10 or 15 years ago are thinking about bringing them back. Since we have an oversupply of workers here, it has made U.S. labor costs more competitive. State and city governments could nudge some of the companies with tax breaks, and other incentives, to promote returning to the US.
• Cut Payroll Taxes, Especially for New Hires
Cutting newly hired payroll taxes creates 13,000 new jobs for every $1 billion spent. Companies use the tax savings in one of four ways. All of them increased the demand needed to drive job growth for the following four reasons:
Increase employee wages.
Buy more supplies.
Hire more workers directly.