Job Creation Estimates Through Proposed Economic Stimulus Measures

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Summary

In a Sierra Club commissioned report, PERI’s Robert Pollin and Shouvik Chakraborty estimate the employment impacts of a $6 trillion, 10-year economic stimulus program designed by the Sierra Club and other civil society organizations. Pollin and Chakraborty estimate that spending at about $600 billion per year for 10 years would generate about 4.6 million jobs annually to upgrade American infrastructure, and another 4.5 million jobs annually to transition the country to a clean energy economy. The report assumes the public investment in clean energy would be matched equally by another $300 billion per year in private sector clean energy investments. This would generate another 4.5 million jobs per year for 10 years.