Jobs and the Economy
Jobs and the Economy
“Our economy is in the midst of a dramatic transition that is every bit as consequential and transformative as the Industrial Revolution of the 1800s or the digital revolution of the late 20th Century. I believe the federal government has a vital role to play in supporting efforts to modernize our economy, while also updating our social safety net so it is built for today’s economic realities.”
– Rep. Adam Schiff
An Economy for that Works for Everyone
The American economy has rebounded from the 2010 Great Recession. Millions of jobs have been added to the private sector and unemployment is low. Yet many Americans are still struggling due to globalization and automation. Today’s low unemployment masks the significant changes already well underway, propelled by technological advances that will affect how we think about jobs and the very nature of the workplace. Routine, repetitive tasks that were once done by assembly line workers, bank tellers, and telephone operators, are being done by robots, algorithms and artificial intelligence. Lawyers, accountants, stock traders, and even reporters are seeing the automation of aspects of their jobs. These trends are only accelerating.
Rep. Schiff believes Congress must work to change antiquated laws that do not help the 21st Century worker. The federal government must facilitate the successful strategies between public and private officials, while also updating benefit plans and employment laws so that freelance workers can have access to health care insurance, retirement benefits, family and sick leave, and more programs that work in a modern economy, so that benefits are portable and flexible.
Creating Affordable Housing
Families around the country, and especially in California, are hard hit by the lack of affordable housing. Housing has become particularly unaffordable in many parts of the Los Angeles area, and Rep. Adam Schiff is working to ensure that the federal government is doing all it can to reverse this trend. Schiff is a longtime supporter of the Department of Housing and Urban Development’s Housing Choice Voucher program, which subsidizes rent for low-income families, and has fought to ensure that this and similar programs are adequately funded even when the Administration has sought to reduce its budget. Schiff has also worked to make it easier for local housing authorities to administer these programs, particularly for tenants who have moved from one jurisdiction to another.
Addressing the Homelessness Crisis
Rep. Adam Schiff recognizes the continuing crisis of homelessness in the Los Angeles area and across our state and has long fought for increased federal funding to support state and local governments and community organizations that are working to address this issue. Schiff supports federal programs that specifically address homelessness—like federal grants for organizations that provide outreach, services, and permanent housing and programs that specifically target homeless veterans and their families—as well as federal efforts to make housing more affordable in general, like Housing Choice Vouchers. Schiff is also a proud cosponsor of the Ending Homelessness Act of 2019, which would appropriate more than $13 billion in emergency funding for federal housing and homelessness initiatives to ensure that the federal government’s response to the homelessness crisis matches the scale of the problem.
Raising the Minimum Wage
Rep. Adam Schiff remains committed to ensuring that all Americans can earn a livable wage to make ends meet. He is an original cosponsor of the Raise the Wage Act, which would increase the minimum wage to $8.55 per hour immediately and to $15 within five years, and index it to median wage growth thereafter. An increase in the minimum wage will ensure that millions of hard-working Americans can support themselves and will help lift more than one million Americans out of poverty.
Ensuring Equal Pay for Equal Work
Rep. Adam Schiff has been a fervent supporter of equal pay. He voted for the Lilly Ledbetter Fair Pay Act, which was signed into law by the President on January 29, 2009. The law helps women earn the same amount of pay for the same work done by their male colleagues. It also makes employers who violate sexual discrimination prohibitions liable in a civil action for either compensatory or punitive damages.
Schiff also supports the Paycheck Fairness Act, which would strengthen the Equal Pay Act of 1963 by placing larger penalties on claims of pay discrimination and providing new protections for employees. Schiff believes equal pay is not only an issue of fairness for women but for all working families. Schiff has been a cosponsor of this bill since his first term in Congress and was proud to vote in favor of this important legislation.
Helping Small Businesses Thrive and Access Needed Capital
Small businesses have always been the true engine of economic growth in challenging times and have helped power the country out of every recession in our history. Unfortunately, small businesses are suffering from an uncertain economic climate, an overly complex tax code, and the accelerating cost of health benefits. They are also having difficulty accessing the capital needed to make new hires and invest in new equipment. Large businesses and banks maintain huge cash reserves, but are waiting to see a consistent economic recovery before investing in workers and small businesses again. By enacting tax and regulatory relief, as well as improving access to capital for small businesses, we can help small businesses lead our way into a sustainable and lasting recovery.
Looking for common sense approaches to help small businesses grow and add jobs again, Rep. Schiff has supported legislation to enact tax deductions that can be used for start-up expenses, eliminate payroll taxes for new hires, and to do away with capital gains taxes for the purchase of small business stock. Schiff continues to push for small business support and relief so they can once again serve as the cornerstone to lifting our nation out of economic hardship.
Small Business Development Centers
The Los Angeles Regional SBDC Network is part of the nationwide SBDC program. More than 1.3 million businesses take advantage of SBDC management advising, education, and instruction every year. Federal, state and local funding enable SBDCs to provide low-cost and no-cost seminars and workshops on a wide variety of subjects such as: business plans, incorporation, capital sourcing, marketing, contracting, procurement, and technology. Additionally, business advisors are available by appointment to meet at your place of business.
Local Contact Information:
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