Tight labor market stands in the way of the White House manufacturing push – By Emily Peck (Axios) / Aug 2, 2023
Federal money is set to pour into the manufacturing industry in the U.S., but a big question looms: Who is going to do all this work?
Why it matters: The tight labor market poses a challenge to what Axios’ Neil Irwin calls the coming manufacturing investment supercycle.
- That’s a broad term for all the investment going into U.S. heavy industry, triggered by pent-up demand and money from the Biden administration’s signature legislation: the Inflation Reduction Act, the Bipartisan Infrastructure Law and the CHIPS and Science Act.
- These are projects to build things like batteries, chips and solar cells.
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