Infrastructure investment would add jobs, grow GDP, report says
A new report from the National Association of Manufacturers (NAM) says the economic benefits of targeted public and private infrastructure investment in the next 15 years would be substantial.
While competitor nations continue to invest in infrastructure, the United States is stuck in a decade-long period of decline in overall infrastructure capital spending that will eventually harm job creation, future productivity and global competitiveness, the report says.
A 15-year investment in all forms of infrastructure (not just highways) would:
« Increase jobs by nearly 1.3 million
« Grow real GDP 1.3 percent by 2020 and 2.9 percent by 2030
« Result in a $3 return on investment for every $1 invested in infrastructure by 2030.
« Give Americans an increase in take-home pay after taxes of $1,300 per household by 2020 and $4,400 per household by 2030 (measured in 2009 dollars).
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