Transform, Heal, and Renew by Investing in a Vibrant Economy (THRIVE) Act

By various - Kentuckians for the Commonwealth, March 31, 2021

Our Time To Thrive_ A Town Hall from Kentuckians For The Commonwealth on Vimeo.

By staff - Labor Network for Sustainability, March 2021

Anyone interested in how to address the concerns of both labor and environmentalists in upcoming legislation should take a look at the new Sierra Club report “How to Build Back Better: A 10-year Plan for Economic Renewal.” Although the Sierra Club is an environmental organization – in fact, the country’s largest–this “blueprint for economic renewal” has been designed with the needs of workers and discriminated-against groups front and center.

The plan is based on the THRIVE Agenda, which has been endorsed by the Association of Flight Attendants-CWA, American Federation of Teachers, American Postal Workers Union, Amalgamated Transit Union, Communications Workers of America, United Electrical, Radio and Machine Workers of America and Service Employees International Union.

• By investing $1 trillion per year, an economic renewal plan based on the THRIVE Agenda would create over 15 million good jobs–enough to end the unemployment crisis–while countering systemic racism, supporting public health, and cutting climate pollution nearly in half by 2030.

• These investments must come with ironclad labor and equity standards to curb racial, economic, and gender inequity instead of reinforcing the unjust status quo.

By Robert Pollin, Jeannette Wicks-Lim, Shouvik Chakraborty, and Gregor Semieniuk - Political Economy Research Institute, February 2021

The COVID-19 pandemic has generated severe public health and economic impacts in West Virginia, as with most everywhere else in the United States. This study develops a recovery program for West Virginia that is also capable of building a durable foundation for an economically viable and ecologically sustainable longer-term transition.

In our proposed clean energy investment project, West Virginia can achieve climate stabilization goals which are in alignment with those set out by the Intergovernmental Panel on Climate Change (IPCC) in 2018—that is, to reduce CO₂ emissions by 45 percent as of 2030 and to achieve net zero emissions by 2050. We show how these two goals can be accomplished in West Virginia through large-scale investments to dramatically raise energy efficiency standards in the state and to equally dramatically expand the supply of clean renewable energy, including solar, geothermal, small-scale hydro, wind, and low-emissions bioenergy power. We also show how this climate stabilization program for West Virginia can serve as a major new engine of job creation and economic well-being throughout the state. Scaled at about $3.6 billion per year in both private and public investments, the program will generate about 25,000 jobs per year in West Virginia. We also present investment programs for West Virginia in the areas of public infrastructure, manufacturing, land restoration and agriculture. We scaled this overall set of investments at $1.6 billion per year over 2021 – 2030, equal to about 2 percent of West Virginia’s 2019 GDP. We estimate that the full program would generate about 16,000 jobs per year in the state. Overall, the combination of investments in clean energy, manufacturing/infrastructure, and land restoration/agriculture will therefore create about 41,000 jobs in West Virginia, equal to roughly 5 percent of West Virginia’s current workforce.

The study also develops a just transition program for workers and communities that are currently dependent on West Virginia’s fossil fuel-based industries. It estimates that about 1,400 workers per year will be displaced in these industries between 2021 – 2030 while another roughly 650 will voluntarily retire each year. It is critical that all of these workers receive pension guarantees, re-employment guarantees, wage insurance, and retraining support, as needed. We estimate that generous levels of transition support for all workers will cost an average of about $140 million per year.

The study shows how all of these proposed measures can be fully financed within the framework of the Build Back Better infrastructure and clean energy investment program proposed by President Biden during his presidential campaign.

Read the text (PDF).

By Ben Beachy, et. al. - Sierra Club, February 2021

Over 10 million people are out of work, another six million people are underemployed, and yet another seven million people who want a job have given up trying to find one. Unemployment among low-income households is hovering around Great Depression levels. Job losses have been particularly acute for women, and the unemployment rate for Black and Latinx workers remains more than 50 percent higher than for white workers. Due to economic hardship, more than one in three families with children cannot afford adequate food, one in five households could not pay last month’s rent, and over half of all households are having difficulty covering expenses.

To tackle this economic crisis, we cannot simply reopen the economy and hope things return to “normal.” “Normal” was fundamentally unjust, unhealthy, and unstable. Thanks to decades of “normal” conditions, millions of people — particularly in Black and Latinx communities — breathe in air pollution that increases the risks of COVID-19, earn as much in one year as Jeff Bezos makes in 20 seconds, and are forced to grapple with increasing climate-related storms, droughts, and fires.
We have to do better than “normal.”

We need to put millions of people back to work building a healthier, more equitable, clean energy economy that leaves no one behind. The THRIVE Agenda outlines a plan to do just that. Backed by over 100 members of Congress and hundreds of union, racial justice, climate, and other grassroots groups, the THRIVE Agenda offers Congress an eight-pillar blueprint for economy-wide investments. To “build back better” instead of reverting to the unjust status quo, Congress needs to pass a THRIVE-aligned economic renewal plan that is as comprehensive as the crises we face.

Read the text (PDF).