White Paper

2026 United States Labor White Paper

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Executive Summary

A new era of policy-driven capital spending. The U.S. industrial and energy construction sectors are presently shaped by a confluence of macroeconomic and legislative forces. Chief among these drivers are the Inflation Reduction Act (IRA) and the CHIPS Act, which collectively underpin a surge in capital spending, particularly in strategic industries essential for national security and technological advancement.

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Industrial oil refinery and chemical plant illuminated at dusk with a field in the foreground