In a way not seen since the early days of the Cold War, the US federal government has resurrected a centralised industrial policy with two principal threads: domesticising sourcing critical to the defence and industrial base, and encouraging a transition to lower-carbon energy sources. These actions, the first of which began under the previous administration and encouraged under the current one, are directed toward ensuring US resiliency in a more volatile world, economically and militarily, and combatting climate change.
Prevailing wages and US industrial policy: conflicting or complementary ends?
07/03/2024
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