T.R.U.S.T.
Aug 27, 20211 min
Senate-approved infrastructure bill could boost employment with middle-class jobs, including in construction, engineering and accounting
FOX Business
By Megan Henney
August 27, 2021
President Biden's $1.2 trillion plan to rebuild the nation's crumbling infrastructure will create close to 1 million new jobs over the next decade, according to a new report published this week.
The analysis from S&P Global – which was circulated by the White House – estimates that by 2030, the Infrastructure Investment and Jobs Act would boost employment by more than 880,000, with many middle-class jobs, including in construction, engineering and accounting.
WHAT'S INCLUDED IN THE BIPARTISAN INFRASTRUCTURE BILL?
If it becomes law, the bipartisan, Senate-approved infrastructure bill will also increase per capita personal income in 2030 by about $100 per person, or roughly 10.5%, according to the S&P study. With fatter paychecks and more jobs, households are projected to spend an additional $677 billion over the eight-year period.
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