No one can escape this year’s presidential election. It’s on every channel, Saturday Night Live skit and in all magazines. As a Human Resources professional, you’re probably wondering how this upcoming election will impact your career. Ninja Gig has the scoop about how this presidential election will affect HR.
Equal Pay
According to President Obama, women still earn less money than their male counterparts do. In fact, studies show that women earn approximately 78 cents for every dollar that men earn.
Hillary Clinton supports equal pay for both genders. She supported the failed Paycheck Fairness Act of 2014.
Republicans voted down the Paycheck Fairness Act of 2014 because they said it would make it too easy for employees to sue corporations or businesses. Additionally, they said that the 1963 Equal Pay Act and the Civil Rights Act provided the necessary protection for women.
Despite the negative press, Donald Trump has repeatedly said that he supports equal pay for equal work. Trump was quoted in an interview as saying, “You can have a woman that’s much better than a man; you can have a woman that’s not as good as a man. If you start to say everybody gets equal pay, you get away from the whole American Dream.”
Minimum Wage
Many states are increasing their minimum wage, but the federal minimum wage is $7.25 per hour. Democratic lawmakers advocate increasing the minimum wage to $12 per hour by 2020.
Hillary Clinton supports the $15 per hour minimum wage for New York City’s fast-food restaurants’ employees. She also believes that the minimum wage for other fast-food workers in different states should also be that high. She also supports raising the minimum wage to $12 per hour.
Instead of increasing the minimum wage, Donald Trump supports allowing families to deduct child-care expenses from their federal taxes. In the past, when this childcare credit increased, more single mothers could afford to find long-term employment. Mr. Trump advocates a maximum supplement that equals one-half the amount of an employee’s payroll taxes, which includes Medicare and FICA. The maximum amount for married couples is based on the lower-earning spouse’s income.
Bottom Line: Increasing the minimum wage or reenacting the Paycheck Fairness Act of 2014 could influence businesses.
No matter how this election shapes up, no one can deny that this presidential election will affect HR in some capacity or another.
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