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Jeremy Corbyn is promising to create a million good-quality jobs if he wins the General Election next week.
The Labour leader will offer to give people "pride and purpose" in a speech in York later, as he pledges to pump £250bn into industry.
The party that promises to scrap zero-hours contracts is suggesting it will not only create employment, but jobs with higher wages.
Labour says the money will come through a new National Investment Bank and a network of Regional Development Banks and a National Transformation Fund.
But Chancellor Philip Hammond warned that Labour would destroy jobs by raising taxes and increasing borrowing.
Mr Corbyn's speech aims to redirect the election debate onto domestic policy, after a day when both the main parties focused on Brexit.
He will argue that years of Conservative rule has resulted in stagnating productivity, falling public sector net investment and average wages forecast to be lower in real terms in 2021/22 than their 2007/08 level.
Mr Corbyn will say: "When Labour talks about job creation we mean decent jobs, jobs which pay a real living wage, which people can get by on, and which give people a sense of pride and purpose.
"Labour will invest to drive growth across the whole of Britain, creating wealth which is shared across our country, rather than concentrated in the hands of the few.
"Labour will ensure people are not held back. We will build an economy where everyone shares in the creation of wealth as well as its distribution.
"Under the Conservatives, the richest have got richer, while most people's incomes have fallen or stagnated.
"Labour's plans will make sure everyone shares in our country's wealth."
But Mr Hammond responded by saying: "Jeremy Corbyn will not create jobs, he will destroy them.
"His reckless plans for higher taxes and more borrowing will wreck the economy and we will all pay the price.
"We have made real progress in fixing the mess we inherited from Labour, helping businesses create 2.9 million more jobs so there are a record number of people in work."
The Conservatives claim Labour's plans to reverse reductions in corporation tax will discourage investment, which is crucial to supporting growth and jobs.
They warn this could add additional instability as the UK enters Brexit negotiations.
Mr Hammond added: "With Theresa May as Prime Minister providing strong leadership, we can lock in that progress and deliver on her plan for Brexit to create a stronger, more prosperous Britain.
"But all of this is at risk if Jeremy Corbyn becomes Prime Minister, negotiating Brexit at the head of a coalition of chaos - and it only takes a loss of six seats for Theresa May for that to happen."
(SKY NEWS)
