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Michael Bennet on Jobs

Democratic Presidential Challenger; CO Senator

 


Hasn't supported a national $15 hourly minimum wage

Bennet's policy prescriptions include nothing that would more than slightly inconvenience the nation's rich. He has a Plan to Reward Hard Work but can't even bring himself to support a national $15 hourly minimum wage.
Source: The Nation magazine on 2019 Democratic primary , Nov 19, 2019

Raise the federal minimum wage to $12/hour

Michael Bennet on Minimum Wage: Raise the federal minimum wage to $12/hour.

No candidates have similar views.

Colorado Sen. Michael Bennet has not signed on as a co-sponsor to Democrats' Raise the Wage Act, but he does call for raising the minimum wage on his campaign website. A senior campaign official confirmed to POLITICO that Bennet supports raising the federal minimum wage to $12 per hour and "encouraging higher-cost cities and states to increase to $15 based on what makes sense for their local economic conditions." Bennet agrees with raising the federal minimum wage to $15 over time, but "at a rate that won't jeopardize jobs in lower-cost rural areas or struggling cities," according to the official.

Source: Politico "2020Dems on the Issues" , Jul 17, 2019

Opposes Employee Free Choice Act & card-check

Buck also pressed Bennet to clarify his position on a union-organizing bill on which the Democrat has given only vague answers. Bennet said that he opposes the main thrust of the Employee Free Choice Act--allowing a majority of employees to form a union by signing a card instead of holding a secret ballot vote. "I think that the secret ballot rules shouldn't change," Bennet said. It was Bennet's most specific position to date on that bill, which has passed the House but stalled in the Senate.
Source: CBS-4-Denver coverage of 2010 Colorado Senate debate , Oct 24, 2010

Raise the minimum wage to $10.10 per hour by 2016.

Bennet co-sponsored Minimum Wage Fairness Act

Congressional summary: Increases the federal minimum wage for employees to:

  1. $8.20 an hour beginning 6 months after enactment
  2. $9.15 an hour beginning 1 year later,
  3. $10.10 an hour beginning 2 years later, and
  4. an amount determined by increases in the Consumer Price Index, beginning annually after 3 years.

Proponent's argument in favor (RaiseTheMinimumWage.com): The federal minimum wage of $7.25 per hour remains decades out of date, and the federal minimum wage for tipped workers--$2.13 per hour--has not increased in over 20 years. The minimum wage of the past provided significantly more buying power than it does today. The minimum wage of $1.60 an hour in 1968 would be $10.56 today when adjusted for inflation.

Opponent's argument against: (Neil King in Wall Street Journal, Feb. 24, 2014): The CBO concluded that a jump in the minimum wage to $10.10 an hour could eliminate 500,000 jobs. For Republicans, the report provided ammunition that a higher minimum wage would kill jobs. Democrats pointed to the CBO's findings that the higher wage would lift 900,000 people out of poverty. But both sides missed a key finding: That a smaller hike from the current $7.25 to $9.00 an hour would cause almost no pain, and still lift 300,000 people out of poverty while raising the incomes of 7.6 million people.

Congressional Budget Office report: Once fully implemented, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3%. Some people earning slightly more than $10.10 would also have higher earnings, due to the heightened demand for goods and services. The increased earnings for low-wage workers would total $31 billion. Accounting for all increases and decreases, overall real income would rise by $2 billion.

Source: S.1737 & H.R.1010 14-S1737 on Nov 19, 2013

Other candidates on Jobs: Michael Bennet on other issues:
CO Gubernatorial:
Bob Beauprez
Cary Kennedy
Cynthia Coffman
Donna Lynne
Doug Robinson
Ed Perlmutter
George Brauchler
Jared Polis
John Hickenlooper
Matthew Hess
Mike Johnston
Steve Barlock
Tom Tancredo
Victor Mitchell
Walker Stapleton
CO Senatorial:
Alice Madden
Andrew Romanoff
Angela Williams
Cory Gardner
Dan Baer
Darryl Glenn
Ellen Burnes
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Page last updated: Jul 16, 2020