"Even the deployment of Starlink would result in jobs and tax revenue."
Here we go again. Maybe when some people become expats they forget about the reality as demonstrated in America.
Infrastructure projects have the potential to create jobs and stimulate the economy. According to a report by the Georgetown University Center on Education and the Workforce, an infrastructure plan may create or save 15 million jobs over 10 years and would increase the share of infrastructure jobs from 11% to 14% of all jobs in the United States.
Infrastructure projects can have direct impacts, such as GDP growth, job creation, increased income, and better health, as well as indirect impacts, such as ripple effects throughout the supply chain.
The Infrastructure Investment and Jobs Act (IIJA) in Illinois is expected to create jobs and bolster the nation's economic growth by investing in critical infrastructure programs.
A report by the Penn Wharton Budget Model shows that public infrastructure investment boosts the productivity of private capital and labor, leading to higher output.
However, infrastructure projects often take months or years to complete, and targeting infrastructure spending effectively to meet macroeconomic goals is frequently problematic.
Additionally, the infrastructure sector struggles to recruit and hold onto current infrastructure workers, which limits the pool of talent to take on existing needs, let alone expand the pool of talent to take on new tasks.
Public infrastructure spending is a popular policy tool intended to boost the economy, but it may only be effective in certain circumstances. Learn when it works.
www.investopedia.com
www.brookings.edu