70 ECONOMISTS: IT’S TIME TO GO BIG WITH A LARGE-SCALE INFRASTRUCTURE INVESTMENT

The coronavirus pandemic has laid bare the consequences of decades’ worth of underinvestment in our communities, dealing a devastating blow to American workers, families, and small businesses — particularly in communities of color. While the American Rescue Plan’s public investments have helped staunch the bleeding, more must be done to address the massive loss of jobs, our underfunded and crumbling infrastructure, an ever-widening racial wealth gap, and the rising economic cost of inaction on climate change. 

Big problems like these must be met with big solutions. We cannot afford to think small.

We need large-scale public investments that will build on the growth spurred by the American Rescue Plan and create millions of high-paying jobs. A multi-trillion dollar investment in infrastructure like the one President Biden laid out last week will help pave the way for sustainable and equitable economic growth and pay for itself in the long run.

The American Rescue Plan was a historic investment that saved our economy from catastrophe. We must now be even more ambitious to secure our long term recovery, prosperity and future competitiveness around the globe by making the needed investments in our roads, bridges, ports, broadband and clean energy.

Signed,

Gabriel Mathy, American University
Kade Finnoff, Azim Premji University
David Weiman, Barnard College, Columbia University
Juliet Schor, Boston College
Neva Goodwin Boston University & Tufts University
Nina Banks, Bucknell University
Andres Vinelli, Center for American Progress
Eileen Appelbaum, Center for Economic and Policy Research (CEPR) (for identification purposes only)
Dean Baker, Center for Economic and Policy Research(CEPR)
Michele Naples, The College of New Jersey
Daniele Tavani, Colorado State University
Brendan O’Flaherty, Columbia University
Mark Stelzner, Connecticut College
Erica Groshen, Cornell University
Christopher Barrett, Cornell University
Naomi Zewde, CUNY
David Blanchflower, Dartmouth College
Arnab Datta, Employ America
Anna Stansbury, Harvard University
Anmol Chaddha, Institute for the Future
Claudia Sahm, Jain Family Institute
Peter Matthews, Middlebury College
Barry Bluestone, Northeastern
Justin Elardo, Portland Community College
Rick McGahey, Schwartz Center, New School for Social Research
Ellen Mutari, Stockton University
Reza Ghorashi, Stockton university
Mona Ali, SUNY New Paltz
Edith Kuiper, SUNY New Paltz
Ranjit Dighe, SUNY Oswego
Teresa Ghilarducci, The New School for Social Research
Christian Proano, University of Bamberg
Chris Tilly, University of California-Los Angeles
François Geerolf, University of California-Los Angeles
Michael Reich, University of California at Berkeley
Clair Brown, University of California- Berkeley
Richard Gilbert, University of California, Berkeley
Farida Kahn, University of Colorado-Colorado Springs
Daphne Greenwood, University of Colorado-Colorado Springs
Haider Kahn, University of Denver
Yavuz Yasar, University of Denver
John Nicolarsen, University of Denver
Tracy Mott, University of Denver
Dietrich Vollrath, University of Houston
Gerald Epstein, University of Massachusetts Amherst
Katherine Moos, University of Massachusetts Amherst
Noé Wiener, University of Massachusetts Amherst
Nancy Folbre, University of Massachusetts Amhert
Julie Nelson, University of Massachusetts Boston
Arthur MacEwan, University of Massachusetts Boston
Margaret Levenstein, University of Michigan
Samuel Stolper, University of Michigan
Thomas Weisskopf, University of Michigan
Elliott Parker, University of Nevada, Reno
Doyne Farmer, University of Oxford
Nathaniel Cline, University of REdlands
Manuel Pastor, University of Southern California
Michael Hillard, University of Southern Maine
Stephanie Seguino, University of Vermont
Fabio Ghironi, University of Washington
Emily Hoffman, Western Michigan University
John Watkins, Westminster College
Sarah Jacobson, Williams College