Table 7

Jobs supported in 2024 from promoting U.S. exports and investing in infrastructure, clean energy, and energy efficiency, imported vs. domestic inputs (100% Buy America) scenario

Direct and indirect jobs supported, by policy proposal
New (net) jobs supported or displaced (imported inputs, see Table 2) Net (new) jobs supported or displaced (domestic inputs) Change under “Buy American” (domestic inputs) scenario Change under “Buy American” (domestic inputs) scenario as a percent
1. U.S. total exports—jobs supported by export promotion policies 4,702,900 5,664,400 961,500 20.4%
2. U.S. general imports—jobs displaced by export promotion policies 1,194,700 1,379,800 185,100 15.5%
3. U.S. trade balance—net jobs supported by export promotion policies 3,508,200 4,284,600 776,400 22.1%
4. Infrastructure investments—jobs supported per year 2,071,600 2,209,800 138,200 6.7%
5. Clean energy and energy efficiency investments—jobs supported per year 1,315,400 1,554,000 238,600 18.1%
Employment impact aggregated
New (net) jobs supported (imported inputs, see Table 2) Net (new) jobs supported (domestic inputs) Change under “Buy American” (domestic inputs) scenario Change under “Buy American” (domestic inputs) scenario as a percent
Total direct and indirect jobs created (rows 3–6 above) 6,895,200  8,048,400  1,153,200 16.7%
Respending jobs (see Table 2) 6,021,000 6,258,500 237,500 3.9%
Range of potential jobs created including respending 6,895,200 to 12,916,200  8,048,400 to 14,307,000 1,153,200 to 1,390,800 10.8% to 16.7%

 

Economic Policy Institute

Notes: Investments and spending at these levels will support continuing employment as long spending is sustained at level in future years. Percent increased relative to same row in Table 2.

Source: Authors’ analysis of employment requirements overall (BLS-EP 2020a) applied to trade data (USITC 2020), authors’ trade projections, and infrastructure and clean energy/energy efficiency investments at the allocations specified in Pollin and Chakraborty 2020. Domestic-inputs only scenario comes from a standard application of requirements tables unadjusted for imports. For a more detailed explanation of data sources and computations, see Table 2 and the text in this report as well as the appendix.

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