Tuesday, April 15, 2014

A most excellent proposal

Instead Of Unpaid Internships, Americans Need More Paid Apprenticeships (Click here to read more)

By Sarah Ayres, Guest Contributor on April 9, 2014 at 2:44 pm
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Every year, millions of young people around the world complete an apprenticeship in order to gain the skills they need to get a high-paying job. Yet few Americans have ever heard of a modern apprenticeship. For example, while 500,000 young Brits started apprenticeship programs in 2012, only 100,000 Americans did the same. Senators Cory Booker (D-NJ) and Tim Scott (R-SC) want to change that. Their new bill, called the LEAP Act, would boost apprenticeships by providing businesses with a $1,000 tax credit for each apprentice they hire ($1,500 for apprentices under the age of 25). They introduced the bill on Wednesday.
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Apprenticeships offer substantial benefits to both workers and businesses, which is why we have advocated for a large-scale expansion of apprenticeships in the U.S. An apprenticeship is a job in which the worker is paid to learn a set of skills through on-the-job training. Unlike an internship—in which the intern works for little or no money and rarely receives formal training—an apprenticeship follows an earn-while-you-learn model and leads to a nationally recognized credential that recipients can take anywhere in the country.
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