A study released by the Economic Policy Institute in Washington D.C. on October 20 examines the employment impacts of trade and investment policies proposed by the Alliance for American Manufacturing, in combination with a modified version of policies proposed by the Sierra Club – $2 trillion over 4 years invested in infrastructure, clean energy, and energy efficiency improvements. The EPI report, Rebuilding American manufacturing—potential job gains by state and industry, Analysis of trade, infrastructure, and clean energy/ energy efficiency proposals, concludes that the combined trade policy reforms and clean economy investments would result in 6.9 million direct and indirect jobs by 2024. Noting that 91.6% of clean energy and energy efficiency investments are for manufactured products, the authors further forecast what industries and sub-sectors would benefit, with state-by-state statistics. They conclude that, of the 6.9 million forecast jobs, 2.5 million would be widely distributed across the U.S. in the manufacturing industry, with 36.4% concentrated in high-wage jobs.
The Sierra Club proposals underlying the EPI scenario were made to the U.S. Congress during their deliberations on the Coronavirus Aid, Relief, and Economic Security (CARES) Act , in April 2020. These proposals were also analyzed by Pollin and Chakraborty in a report published in September by the Political Economy Research Institute (PERI) at University of Massachusetts Amherst . The Pollin Chakraborty report, Job Creation Estimates Through Proposed Economic Stimulus Measures , used a 10 year time frame, investing $683 billion per year in infrastructure, clean energy and energy efficiency, as well as agriculture and land restoration programs and, notably, the “Care economy, public health, and postal service” . Their resulting projection of 16 million new jobs appears in the platform of the THRIVE Agenda , an economic renewal plan for the U.S. created in September 2020 by the Green New Deal Network and endorsed by more than 100 climate justice, civil rights and labour organizations.
Final note: Robert Pollin , Noam Chomsky, and C.J. Polychroniou released a new book in September, Climate Crisis and the Global Green New Deal: The Political Economy of Saving the Planet, published by Verso Press.