The Good Men Project, August 9, 2020: Shrink Wall Street to Guarantee Good Jobs
The pandemic has claimed nearly 15 million U.S. jobs. Meanwhile, high flying financial traders are making a killing off the market volatility caused by the crisis. A new House bill would tax Wall Street windfalls to guarantee good jobs for people in high unemployment areas.
The Workforce Promotion and Access Act would ensure employment in jobs that pay at least $15 per hour with benefits and address local needs, such as childcare, eldercare, and infrastructure. Democratic Representatives Bonnie Watson Coleman and Ilhan Omar are the bill’s lead sponsors.
In 2018, Watson Coleman joined with Senator Cory Booker to introduce the first federal jobs guarantee bill. The new proposal differs from the original model in two important ways.
