Heather Boushey, member of the U.S. Council Of Economic Advisers, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., U.S., on Wednesday, March 24, 2021.
NP: I want to go back to the state of the economy. Despite the strong job market and rising wages, the polls show that Americans don't think the economy is doing well. How do you account for that disconnect? NP: Central to the President's vision is industrial policy, like you said, and there's already been a lot of investment in the manufacturing sector, the energy sector and other areas. But a lot of this seems like incentives for companies or investments to spur private sector growth. How does that feed through to the middle class? You mentioned that’s a goal of yours.
But what I think is worthy of note is that we've encouraged those investments to benefit communities. And here's what we've seen. The proof is in the pudding. The crowding in what economists would call crowding in of private investment all across the country has been happening in communities all across the United States. It's disproportionately been going to communities that are lower income, where people don't have a college degree.