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Lazaro Gamio/Axios
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Roughly 200,000 to 250,000 new manufacturing jobs could be added in the U.S. over the next two years, according to a new estimate from Goldman Sachs.
Why it matters: The increase, which amounts to about 2% of current manufacturing employment levels, is partly due to the incentives and investments for the semiconductor and green technology sectors included in the Biden administration's signature bills, the Inflation Reduction Act and the CHIPS and Science Act.
State of play: Construction of "manufacturing facilities," aka factories and other structures, has shot up over the past year, after the passage of these laws.
Spending on the equipment that'll go inside all those new facilities is expected to be even greater than the money spent constructing the buildings themselves. And all that new stuff will require workers.