With the stroke of a pen, thousands of union construction jobs modernizing our nation’s energy transmission system were eliminated. CEA’s David Holt looks at how this one action impacts the entire economy.
In this case, any effort to eliminate an industry providing 8 percent of our gross domestic product means that much money, if not more, is at risk of coming out of our economy. We cannot pretend the impact is limited to one set of workers, because our individual economies are tied to each other’s. Every dollar we earn or spend gets earned or spent somewhere else. And when our disposable income drops, others suffer.
The victims of this kind of single-minded attack are our neighbors and friends from all walks of life.
Read more – Morning Consult