• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 8, 2026

1

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 8, 2026
Leadership

Hillary Clinton vows to give workers a raise

By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
July 13, 2015, 2:38 PM ET
HIllary Rodham Clinton
Democratic presidential candidate Hillary Rodham Clinton speaks at a campaign event in New York, Monday, July 13, 2015. (AP Photo/Seth Wenig)Photograph by Seth Wenig — AP

Hillary Clinton just started the drumbeat that she aims to sustain her presidential bid and, as she framed it, her presidency itself: Working Americans need a raise. In the first major economic policy speech of her campaign, the Democratic front-runner called out a recovery that’s distributed too many of its gains to the wealthiest and promised to be a hands-on agent ensuring more profits from Wall Street and beyond end up in the pockets of employees.

“The defining economic challenge of our time is clear. We must raise incomes for hardworking Americans so they can afford a middleclass life,” Clinton told a morning crowd at New York City’s New School, a liberal university and think tank. “We must drive strong and steady income growth that lifts up families and lifts up our country. And that will be my mission from the first day I’m president to the last.”

To get that done, Clinton proposed a mix of stand-by Democratic policies — raising the minimum wage, making childcare more affordable, and ending tax breaks for financiers, to name a few — plans she acknowledged as “time-tested and more than a little battle-scarred.” But she also pledged to confront corporate short-termism, a phenomenon she said is sapping investments in research, infrastructure and training while concentrating returns among the super wealthy.

Clinton used the speech to tip her hat to the presidencies of her husband and the current officeholder, whom she served for four years as Secretary of State, saying both Bill Clinton and Barack Obama “had to come in and clean up the mess left behind” by Republicans. Yet as she sustains Republican attacks that her connections to both mean her candidacy offers little more than a warmed-over throwback, Clinton suggested her presidency would turn a page. She presented as an empathetic grandma, drawing at one point on a conversation with a nurse during her granddaughter’s birth that underlined the importance of family leave protections. And she blended that with a brand of technocratic populism she’s been honing on the campaign trail, as she seeks to convince a restive liberal base she’s attuned to their demands without aping the more acid-tipped barbs of Vermont Sen. Bernie Sanders, her closest-running rival for the Democratic nod.

Clinton reserved her toughest talk for the financial industry. In a subtle swipe at her former boss, she declared it wrong that Wall Street executives have escaped prosecution even when their firms have admitted to crimes, “and on my watch, it will change,” she said. Funds recovered from penalties on both firms and individuals should pay for new investments in infrastructure — or be returned directly to taxpayers, she said. And despite the post-crisis reforms tackling Too Big To Fail institutions, Clinton said too many major financial firms still pose systemic risks, suggesting she’d apply a litmus test to ensure the regulators she appoints agree. And she vowed to subject firms operating in the shadow banking system to new regulatory scrutiny, as well. But she was short on specifics — a fact highlighted by a heckler who tried to interrupt to demand whether she would restore the prohibition on securities trading by commercial banks that her husband removed (Clinton ignored him).

Clinton said she will flesh out the policy proposals she previewed in a series of speeches over the coming weeks. The first of those comes Thursday in New Hampshire, where the candidate will detail her plan to incentivize corporate profit sharing with employees. “Studies show that profit sharing that give everyone a stake in a company’s success can boost productivity and put money directly into employees pockets. It’s a win-win,” she said.

Clinton was more measured in her comments about the new behemoths of the sharing economy. In a glancing reference to Silicon Valley darlings like Airbnb, Uber and Lyft, she said “the so-called gig economy is creating exciting opportunities and unleashing innovation. But its also raising hard questions about workplace protections and what a good job will look like in the future.” And she briefly appeared to return to the fledgling sector later, promising to “crack down on bosses who exploit employees by misclassifying them as contractors,” an issue recently dogging Uber, in particular.

Though the policy proposals she associated with it remain meager for now, perhaps the most provocative portion of Clinton’s address dealt with what she framed as the scourge of short-termism, an affliction challenging the capitalist system itself. “In recent years, some of our biggest companies have spent more than half their earnings to buy back their own stock and another third or more to pay dividends,” she said. “That doesn’t leave a lot left to raise pay or invest in the workers who made those profits possible or to make new investments necessary to ensure a company’s future success.” She said she’s heard concern about the trend from business leaders themselves, who are eager “to embrace their responsibilities, not just to today’s share price, but to workers, communities, and ultimately to our country, and, indeed, our planet.” But she signaled she’ll favor a carrot rather than a stick to address it, proposing a $1,500 tax credit for each new worker trained and hired and tweaks to capital gains taxes, to be named later, to encourage longer-term investments.

Teasing the speech over the weekend, Clinton’s campaign released a list of the economic brains who helped shape it. The roster — heavy with liberal stalwarts including Christina Romer, Obama’s first chair of the Council of Economic Advisers; Jared Bernstein, formerly Vice President Joe Biden’s chief economist; Neera Tanden, who runs the Center for American Progress; and Joseph Stiglitz, a Columbia University economist — itself testifies to Clinton’s conscious move to the left.

About the Author
By Tory Newmyer
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
AIBrainstorm Tech
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
By Sharon GoldmanJune 9, 2026
3 hours ago
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
AIBrainstorm Tech
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
By Sharon GoldmanJune 9, 2026
4 hours ago
Xbox CEO Asha Sharma speaks on stage at Fortune Brainstorm Tech 2026.
Big TechMicrosoft
‘Not an Allbirds Moment’: Xbox’s new CEO says she is grounding the console in gaming roots, not AI
By Sebastian HerreraJune 9, 2026
5 hours ago
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
EnergyBP
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
By Jordan BlumJune 9, 2026
5 hours ago
Three people having a seated discussion
AIBrainstorm Tech
‘Getting control where we can’: Europe wants sovereign AI, but most of the chips are from the U.S.
By Amanda GerutJune 9, 2026
6 hours ago
Opening offices in 120 countries is ‘not a badge of honor’—pick 30 instead says iconic former tech CEO
C-SuiteBrainstorm Tech
Opening offices in 120 countries is ‘not a badge of honor’—pick 30 instead says iconic former tech CEO
By Jeff John RobertsJune 9, 2026
8 hours ago

Most Popular

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
1 day ago
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
1 day ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
1 day ago
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
By Nick LichtenbergJune 9, 2026
7 hours ago
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
2 days ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.