The Importance Of US Infrastructure

903 Words 4 Pages
It was the large-scale industrialization and urban expansion that changed the United States dramatically during the last quarter of the 19th century. Since then, buildings, highways, water and sewage systems have expanded beyond cities to the rest of the nation. However, the United States’ current infrastructure is aging, insufficient and hazardous. Infrastructure is a vital national asset that promotes economic growth. The decision to invest in U.S. infrastructure has never been more clear, making it all the more important to consider infrastructure’s importance to long-lasting growth its ability to expand economic opportunities. Policymakers need to invest more money in infrastructure development in order to increase economic growth and productivity, …show more content…
Current highways, waterways, and sewage systems built hundreds of years ago are falling apart and the citizens of the United States are facing the consequences. Without this much-needed improvement infrastructure would only continue to deteriorate. The decreases in transportation infrastructure not only lead to inefficiency for citizens, but it also decreases economic productivity. There is no question that increasing investment in infrastructure will absolutely lead to an increase in employment. Not only does infrastructure provide higher quality jobs, it develops jobs for all segments of the labor market, thus, significantly changing the composition of labor demand in the United States economy, such as women, minorities and individuals without a four-year college degree (Bivens). It is because more people would be employed that the United States’ economic efficiency will increase, unemployment will decrease, which leads to a decrease in income and results in more income, confidence, and less social stress. The guaranteed jobs that infrastructure will provide represents “well-paid opportunities for two-thirds of US workers without a four year college degree” (Kane). In recent years we have …show more content…
Infrastructure projects require large amounts of time and capital. Some projects take years to complete, which can lead to waste and an increase in cost. Currently, the United States’ infrastructure needs over $3.6 trillion in investment by 2020 to make up for the significant backlog of long-term funding projects because of the impact to our national debt (ASCE). However, the increase in investment will cause a rise in output and so people will gain more income, which is then spent, causing a further rise in aggregate demand, resulting in a bigger increase in aggregate demand in the long run. It is true that this effect is not guaranteed immediately, but that is precisely why investment in infrastructure contributes to the long run growth of our economy. Increasing investment spending on infrastructure is no longer an option: it is a necessity and policymakers have recognized that fact. At the beginning of the month, President Obama passed the Federal Highways Act (FAST Act), “which is a new five-year, $305-billion transportation bill that will ensure infrastructure development to busy highways and roads” (Lowry). Not only does this act implement more jobs into our economy, but it also signifies that the government recognizes the necessity to such acts. The FAST Act boosts

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