These are intrinsically tied together, and many in Washington, including Senator Risch, don’t seem to realize that. They have been trying to solve one problem without considering the others.. Our economy is like an engine, and like any other engine, it has a lot of moving parts all of which are necessary for any engine to run smoothly.
We need to use targeted infrastructure, affordable access to education, job training, and tax relief plans to both stimulate and grow the economy, creating more and better- paying jobs that allow people to become self-sufficient. We can use education, specialized or vocational job training, and employment-based tax incentives that encourage businesses to hire and retain employees.
I have developed a ‘Geo-fiscal living wage’ calculation, which considers the regional cost of living, affording people a living wage based upon the economy and COLA of the area in which they live. This basically means that the impractical ‘flat $15-per-hour-regardless-of-where-you-live’ proposal does not take into consideration ‘real-life’ scenarios, and especially regional cost of living variables. The $15-per-hour proposal may be too much for some areas, causing unemployment and even putting some businesses out-of-business, whereas in some of the larger cities – $15 per hour is still not a living wage. I have developed a living-wage calculation that takes into consideration the regional cost of living, providing workers a living wage based on the economy and cost of living in the area where they live.
My plan has a phased implementation to ensure that there are no layoffs or business failures caused by the fiscal impact of a living wage, eliminating the negative effect on small to mid-sized employers and ensuring sustainable employment. Everyone wants to be self-sufficient, so we must remove the barriers to their success and provide more opportunity for people to help themselves.