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Plus doesn't infrastructure spending normally result in higher returns than it costs? > A recent Business Roundtable study found that $737 billion in public in
by Someone1234 7y ago
Plus doesn't infrastructure spending normally result in higher returns than it costs?
> A recent Business Roundtable study found that $737 billion in public investment over 10 years would set us on the path toward reviving our national infrastructure. While those numbers seem daunting, the report also showed that every additional dollar invested in infrastructure delivers roughly $3.70 in additional economic growth over a period of 20 years.
https://thehill.com/blogs/congress-blog/politics/433538-infrastructure-investment-pays-for-itself https://thehill.com/blogs/congress-blog/politics/433538-infr...
- Waterluvian 7y agoYeah. So I forget macroeconomics class from a long time ago. But there's some effect where a dollar changing hands in a local economy 3 or 4 times has a huge multiplicative effect on economic growth. And being labour and trade intensive means you can campaign on creating jobs for your blue collared workers.
- CapricornNoble 7y agoThat's the aptly named Multiplier Effect: https://en.wikipedia.org/wiki/Multiplier_(economics) https://en.wikipedia.org/wiki/Multiplier_(economics)