The Inflation Reduction Act is not just historic climate policy, its historic jobs policy, capable of creating an estimated 9 million jobs over the next ten years according to the Blue Green Alliance. But what kind of jobs will they be?
For the very first time, Congress is using clean energy tax incentives to not only make more jobs, but ensure these jobs meet high labor standards and provide a just transition for fossil fuel workers. This legislation also marks the country’s most significant investment in clean manufacturing—leveraging tax dollars to grow 21st clean energy jobs in the U.S.
The U.S. is finally acting to solve the climate crisis by passing the IRA. But the law is not just about slashing harmful emissions, it’s also designed to create communities where working families can thrive.
The decline of American manufacturing jobs
The past four decades have been tough for America’s workforce. Since 1979, the U.S. has lost nearly 7 million manufacturing jobs, mostly in the Midwest, in some cases decimating once-thriving towns. Losing good-paying manufacturing jobs meant the pandemic-induced recession and rising prices hit working Americans the hardest.
Wages have stagnated with economic growth disproportionately benefitting the highest earners, while the federal minimum wage has lost 21% of its purchasing power since 2009. And stagnating wages have corresponded to a steady decline in union membership. In 1955 roughly 35% of the U.S. workforce belonged to a union,...
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https://www.forbes.com/sites/energyinnovation/2022/09/28/inflation-reduction-...