represented employees in the United States.
In addition to the passage of the Employee Free Choice Act, a strong Democratic majority in congress can be counted on to periodically raise the federal minimum wage for the working poor. Hopefully, the days of having to wait nine years for small increases in the minimum wage should become a relic of the past.
Other areas where significant changes can be anticipated include revisions in NAFTA to make it more labor friendly, the elimination of tax incentives to encourage American businesses to relocate overseas, greater regulation of the home loan industry to prevent a reoccurrence of the “subprime” housing debacle, and tax breaks for middle income wage earners.
Another significant change will come in the area of job creation. Unlike George Bush, Senator Obama has made it clear that he intends to spend significant sums of money on promoting renewable energy such as wind, solar, and geothermal energy. The expenditure of these funds should create thousands of new jobs for working men and women.
Finally, it is my belief that it is absolutely inevitable that the Democratic congress and the new Democratic president will allocate significant resources for “public works” projects; i.e. repair of infrastructure such as roads, bridges, sewers, water treatment plants, etc. Rather than rely on the marketplace to generate wealth that will “trickle down” to the masses, Obama and the Democratic congress will take direct action to stimulate our economy and return our nation to prosperity by means of these job creating projects.
I believe that the next four years may very well be recorded by historians as labor’s new “golden age.”