Biden Infrastructure Plan Faces Harsh Construction Market

Nearly all of us agree much of American infrastructure needs to be upgraded or, in many places, replaced. Bipartisan congressional groups are now quibbling about the price tag of President Biden’s proposal. Right now it is looking like $2.3 trillion dollars will go towards the American Jobs Plan, which the media has dubbed “the infrastructure bill,” but in a construction market plagued by a lack of construction workers and record-high material prices, $2.3 trillion won’t go as far as you think. The Biden Administration could be in for sticker shock if the supply and demand of construction material don’t balance before building. 

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