Posted on 04/28/2017 7:06:47 PM PDT by 2ndDivisionVet
Dive Brief:
•The proposed $1 trillion U.S. infrastructure plan could create as many as 3 million jobs if projects are prioritized for optimal job generation, according to a Boston Consulting Group report.
•However, if project planners focus only on the critical nature of each project and do not factor in the potential for job growth, then the same $1 trillion investment could generate just 1.6 million new jobs.
•Projects that yield the most jobs are airports, seaports and hospitals because they employ temporary construction workers and offer more post-completion permanent jobs than other infrastructure projects, such as a non-tolled highway.
Dive Insight:
One example of this job-creation potential is the $494 million Sanford Medical Center that Mortenson recently completed in Fargo, ND. The project took five years to build and employed 42,000 construction workers. Now that the hospital is complete, it will provide more than 3,000 staff jobs.
To assist planners in tracking infrastructure-related job creation, BCG has created the US Infrastructure Jobs Scoreboard, which provides information on job categories, employee pay and location of jobs throughout the country. The tool can held predict the effect of new infrastructure projects on indirect and direct job creation. BCG's goal is to help those in charge of deciding what the next big infrastructure initiative will be to compare projects and determine which ones will have the most impact on job creation.
In the current construction workforce environment, however, job creation may not be the biggest concern. The construction industry is struggling to meet its current staffing needs. Throwing millions of new jobs into the mix could, according to industry experts, case massive delays and cost overruns.
Contractors are already stretching out completion schedules or passing up new jobs altogether as they fight to keep an adequate number of skilled workers on staff, according to the Associated General Contractors of America. An AGC report earlier this year found that 73% of employers anticipated hiring more workers this year and expected to have difficulty doing so.
Industry organizations have called on federal, state and local governments to help fund more career training programs, both secondary and post-secondary, in an effort to fill the need.
Whether Trump's $1 trillion infrastructure plan will come to fruition at all has yet to be determined. In the most recent development surrounding the highly touted proposal, the Trump administration's proposed tax reform bill lacks an anticipated funding mechanism for infrastructure spending.
Trump this sort of thing is why you were elected.
America needs more jobs. Many more jobs.
America also needs a secure southern border.
Both of those things. Soon.
A Trillion dollar tax cut could create more jobs.
Gubmint doesn’t create jobs. They redistribute wealth, which gives the illusion of creating jobs.
3 million? That means 1000 actually working while 2,999,000 stand around smoking cigarettes and texting on their phones. Or they are on the payroll for no work jobs while they kick half their paycheck back to the union.
I’d rather have a trillion dollar wall and no obamacare but what do I know. I guess it’s all the art of the deal. 8-d chess
That all may be true but when I ride by projects, local state or federal here in Texas, they don’t look white or black. Sure the white foreman wearing the big cowboy hat is there but check out the job and all the other workers there they are absolutely all Hispanic and I’m not exaggerating. I told my brothers in Philly it’s coming your way. I will bet it is happening now even in your NE states. It’s been an invasion folks. I have lived in Texas for 15 years and have seen what they do to all the labor jobs.
that’s about $33k per job.
I live in H-E-B in the mid cities.
We need them all. Border, tariffs, tax cuts, infrastructure.
I want to see the next state of the Union address point how a huge increase in the percent of working age with jobs. And a huge decrease in food stamps as a result of those jobs.
As Trump said....he’s just started to prime the pump....the results will all be forthcoming! We’ve been stagnat for so long far too many were comfortable being so....but the left wants it to stay so they can continue with their elevated lifestyles and Global pursuits.
I would say a 30’ X 2000 mile long security wall is the first infrastructure project to get started.
And how will the energy independence plan affect the nation?
Will the two plans run concurrently?
>Gubmint doesn’t create jobs. They redistribute wealth, which gives the illusion of creating jobs.
Actually building infrastructure is one of the few government operations that creates wealth by increasing over all efficiency.
plus a lot of construction workers are more than happy to get those illusory jobs and earn that illusory pay.
And the locals can drive their cars on the illusory roads, California can store water behind illusory dams, etc
They would simply be enjoying the benefits of the statist engineering.
“one of the few government operations that creates wealth by increasing over all efficiency”
Wrong. The gubmint only manages inefficiency. They have no place in the efficient market.
Border walls are “infrastructure”.
>Wrong. The gubmint only manages inefficiency. They have no place in the efficient market.
There’s no human civilization that developed large scale and effective infrastructure that built by a government.
Go read some history and see if you can find one.
The argument over internal improvements is older than the country itself. It began over whether there ought to be public roads.
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