Legislation Would Create “Innovation Corps” to Incentivize Recent Graduates to Help Train Workers Displaced by Automation
Washington, D.C. – Today, Congresswoman Doris Matsui (D-CA) introduced the Innovation Corps Act of 2017 that would provide grants for job retraining programs to assist workers displaced by automation. The bill would create a service program modeled after existing national service institutions, incentivizing recent college graduates to volunteer with job retraining programs by having a portion of their student loans forgiven.
“Every citizen deserves to participate in the emerging innovation economy,” said Matsui. “Technological advances in the way we work are changing nearly every aspect of our daily lives. These advances have the potential to spur new economic opportunities, but only if we ensure that every American worker has the skills to succeed in the jobs of tomorrow.
“Service has always been a powerful tool in implementing solutions-based programs in our communities. Modeled after the successful AmeriCorps program, my bill would provide incentives for recent graduates to assist workers in fields threatened by automation, providing training and tools for them to compete in the 21st century economy,” Matsui added. “This legislation encourages every American to participate in a shared mission of economic growth, because our country is most successful when we are all invested in our prosperity.”
Text of the bill can be found below: