Apparently there’s an economic catch-22 with proposed infrastructure spending in America. Today’s historically low unemployment rates mean that Washington would likely need to poach workers from the private sector, in order to rebuild America’s crumbling infrastructure. Wage inflation and other inefficiencies would follow. Research from the Federal Reserve affirms that the U.S. economy is at risk of overheating, and that a big infrastructure spend bill would create few, if any new jobs. In short, the money is there, but not the people to put it to work - so goes the argument. Here’s a wild idea, a live-work partnership with Mexico to source the engineering talent and labor to get the job done.
Get the full story on FiveThirtyEight