More than 100,000 family-sustaining equipment manufacturing jobs can be created before the end of President Biden’s first term in office, according to the Association of Equipment Manufacturers.
AEM said these are high-skilled jobs in primarily rural areas that pay an average annual income of $88,000, which is 35 percent above the current national average.
The data comes from a study by IHS Markit, which assumes new infrastructure spending will occur over eight years, beginning in 2022, with three-quarters of the spending taking place during the first five years. Finally, it assumes that the Surface Transportation Reauthorization Act of 2021 will pass in the fall of 2021 at a five-year total investment of $303 billion.
