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Will EVs Ruin The Midwest Economy?

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#politics
#Inflation Reduction Act
#electric vehicles
#economy
#Midwest
#auto industry
#car manufacturing
#factory jobs
#CHIPS act
#EVs
#climate change
After manufacturing's 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future. Researchers believe

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[Music] leaders in washington are trying to bring domestic manufacturing jobs back after a 40-year long cycle of decline american auto companies along with american labor are committing their treasure and their talent to make electric vehicles all across america there's a lot of great stuff happening here in michigan and we are competing rivian unveiling a new 5 billion battery and assembly plant based just outside of atlanta there's a battle right now and whether the companies want to admit it or the states want to admit it like michigan they are battling for investments in automotive like they've never had to do before these changes could disrupt huge swaths of the midwestern economy tens of thousands of people build parts for gasoline-powered engines in states like michigan indiana and ohio what a thousand workers took to construct in 1970 we can now construct with about 235 240 workers at its height nearly 20 million people worked in the manufacturing in