Latest / Brookings Podcast on Economic Activity
Has the CHIPS Act created jobs?
The CHIPS and Science Act of 2022 included funds for billions of dollars in federal investments in U.S.-based manufacturing, a major landmark in the history of America's industrial policy. While the full impacts of such a large bill will take years to reveal themselves, new research shows that firms have already responded to the CHIPS Act, with increases of roughly 15,000 new jobs in semiconductor production-related jobs attributable to the law. On this episode of the Brookings Podcast on Economic Activity, Bilge Erten, Joseph E. Stiglitz, and Eric Verhoogen, authors of the new study, join…
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