Trump vs Clinton: Who Will Help Tech More?
Come November 8, 2016, US voters will decide on who will be the country’s President for the next four years. With so much at stake on both domestic (eg., social insurance legislation) and international level (eg., climate agreement), as well as the radically different futures their votes hold, the 2016 election could well be the most important for many Americans.
Frontrunners of the race, Hillary Clinton of the Democratic Party and Donald Trump of the Republican Party, faced off in one of the most volatile and polarized presidential campaigns the country has ever seen. While controversies and scandals surrounding both have contributed to a toxic campaign trail, their radically different stand on issues have also polarized their voters. In this article, we want to focus on the question: who will help tech more?
Tech policy issues
Between the two candidates, Clinton comes off more prepared in tackling the biggest issues facing the industry. Released last June 28, her “Initiative on Technology and Innovation” sounds like a love letter to Silicon Valley. In contrast, Trump is yet to issue a coherent tech policy, and for the most, wavers between having vague or non-existent stand to being downright antagonistic to the tech industry.
|Issue||Hillary Clinton||Donald Trump|
|Computer Science & STEM Education||Deep investment like offering more computer science courses, training 50,000 teachers in related subjects, funding tech & STEM education in historically black universities,
and diversifying the tech force.
|Yet to specifically address STEM education. Calls the Common Core standards “a disaster” and plans on ending the initiative (see this video).
|Digital infras-tructure||A $275 billion infrastructure program to build the nation’s broadband access and create affordable, high speed internet for all households by the end of her first term.||No word on broadband access. Called on Bill Gates to help “close up the internet” to prevent the ISIS from recruiting.|
|Net neutrality||Supports net neutrality and recent Federal Communications Commission’s (FCC) recent rulings in favor of it.||Against the principles of net neutrality. Tweeted: “Obama’s attack on the internet is another top down power grab. Net neutrality is the Fairness Doctrine. Will target conservative media.”|
|Digital security and encryption||Supports call for a national commission on digital security and encryption.||On the side of law enforcement in Apple’s battle with the FBI over encryption. Called for a boycott of Apple products.|
|“Gig” economy||Convene a “high level working group of
experts, business and labor leaders” to tackle on how best to protect worker rights and ensure benefits and security.
|No word on the rise of on-demand economy and its implications on labor.|
|H-1B visa program||Supports near-automatic green cards for foreign students who earn an advanced STEM degree in a US university.||Reform the H-1B program, making it more expensive to hire foreign workers and encourage the hiring of US workers first.|
|Free trade and trade agree-ments||Opposes the Trans-Pacific Partnership (TPP), but much more supportive of free trade than Trump.||Opposes both the TPP and the North American Free Trade Agreements (NAFTA).|
Tech-related immigration in the form of the H-1B visa program is a particularly thorny issue for the the tech industry. The program is designed to allow US companies to recruit and temporarily employ foreign workers in specialty fields that are in short supply. However, a number of companies allegedly abuse the program to get the skilled IT professionals they need while keeping wages low. On the other hand, the program is considered a gateway to entrepreneurship, especially in the Valley where more than half of America’s startups were founded or co-founded by immigrants.
Silicon Valley support
With policies aligned with tech industry’s practices, it’s no surprise that Clinton has won the hearts, votes, and deep wallets of Silicon Valley. According to Crowdpac, a nonpartisan group that tracks campaign donations, the tech industry donated overwhelmingly to Clinton, who raised almost $8 million in the Valley. Among well-known tech donors to Democrat campaigns include Reid Hoffman, Sheryl Sandberg, Dustin Moskovitz and wife, Brian Chesky, Reed Hastings, Marc Benioff, Elon Musk, and VC firm investors John Doerr and Brook Byers.
On the other hand, a lack of outreach and an antagonistic tech policy have largely turned off Trump’s potential tech donors, getting only $300,000 – a measly 4 percent from the Valley’s Republicans. His lone prominent supporter in the tech sector is Peter Thiel who recently announced a $1.25 million donation in the last leg of the campaign.
Moreover, Trump’s campaign — built on keeping out immigrants (building a border wall between Mexico and US, banning Muslim immigrants) and having a protectionist stance on trade, runs against the Valley’s underlying beliefs in the “open exchange of ideas, free movement of people, and productive engagement with the outside world”. In an open letter signed by more than 140 tech leaders, they called Trump “a disaster for innovation”.
The shape of things to come
As of this writing, Clinton is way ahead in the state and national polls, enjoying a huge win in the state of California, home of Silicon Valley and with 55 electoral votes, has the biggest share across the country. Huffington Post and the Princeton Election Consortium forecast as high as 98 – 99% chance of Clinton winning while the New York Times and FiveThirtyEight put it at a conservative 87% and 67% respectively. As the numbers are updated by the minute, the race is expected to further tighten in the final countdown to Election Day.
Whoever wins the presidency will no doubt have significant impact on big tech policy issues. However, this may not affect tech policy in ways that we think. This has to do with local, state, and international laws, instead of federal laws that impact high profile tech issues. Ted Ullyot helpfully outlines it here. As he gracefully puts it, “tech policy may turn out to be one of the rare areas for bipartisan cooperation in the wake of this divisive campaign.”
A few companies currently working with offshore staff in the Philippines