Researchers Find Recent Federal Legislation Will Support Three Million Jobs Per Year
Research examines jobs created by the Inflation Reduction Act, Bipartisan Infrastructure Law, CHIPS and Science Act
Newanalysis by the Political Economy Research Institute at the University of Massachusetts-Amherst commissioned by the BlueGreen Alliance and National Skills Coalition estimates that the combined investments in the Bipartisan Infrastructure Law (BIL), Inflation Reduction Act and CHIPS and Science Act (CHIPS) will support nearly 3 million jobs per year over the life span of the laws. In total, the research shows the investments will support 19 million job-years, a term for one person working at one job for one year.
“Our research has found that, in combination, the Inflation Reduction Act, BIL and CHIPS Acts will be a major engine of new job opportunities for workers in all sectors of the U.S. economy. This includes, among others, electricians, roofers, office managers, accountants, research scientists, truck drivers, bus drivers, sales managers and bookkeepers. All such workers, and many more, will be making critical contributions towards a U.S industrial renaissance and advancing the country’s clean energy transition,” said PERI Co-Director Robert Pollin.