Energy jobs key to addressing poverty, wage stagnation

June 8, 2016

Penn Energy

API Executive Vice President Louis Finkel this week welcomed a report from Speaker Ryan's Task Force on Poverty, Opportunity and Upward Mobility and underlined the role the American energy renaissance can play in addressing poverty in America and other economic challenges in the United States.

"Pro-energy policy is the best starting point for any plan to reduce poverty in America and turn our still-struggling economy around," said Finkel. "With average salaries $50,000 higher than other industries and job opportunities across a range of skills and education levels, the oil and natural gas industry offers obvious solutions to disappointing job growth and wage stagnation.

"A recent IHS report projects 1.9 million job opportunities in the oil, natural gas and petrochemical industries through 2035, including many for women and minorities. Pro-energy policies that remove the barriers to energy development and infrastructure construction, along with proper education and job training, can help lift Americans out of poverty and create millions of jobs. 

"We were especially pleased to see the task force report mention the importance of career and technical training....

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