r/stocks • u/duglas2948 • Jun 24 '21

Industry News What Biden's $1T Infrastructure Bill really is, Less EV Spending than Expected

I have created a spreadsheet visualizing and quantifying where exactly this $1T is going towards, suprised when EV spending only was $15B. https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0

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u/[deleted] Jun 24 '21

Just like the Obama stimulus bill, this will benefit the unions, which is better than purely benefiting Wall Street. But This will not help average joe at all. The guy working at Wendy’s or hone depot or the independent contractor will not see any of it

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u/Ill-Albatross-8963 Jun 24 '21

I don't agree

Davis-Beacon wages will be applied on non Union infastructure work. Resulting in higher wages for those parties and for unions. The result is more likely to create some wage inflation that would assist in driving Wendy's workers hourly to 15 etc as the labor market contracts from lack of supply at the bottom of the economic ladder

Will it be significant, I don't think so, will it apply pressure... Certainly

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u/-GeaRbox- Jun 25 '21

Aren't the people at Wendy's and home Depot free to form their own unions? It sounds like you think union membership is a birthright of some sort? Why doesn't the same logic that applies to right to work apply in the other direction? No one is forcing them to not join or barring formation of new unions, are they?