Defense Production Act of 1950, passed to streamline production during Korean war, was last used during Covid pandemic

In a statement, the White House said Biden will use the Defense Production Act to improve the domestic manufacturing of medicines deemed crucial for national security and will convene the first meeting of the president’s supply chain resilience council to announce other measures tied to the production and shipment of goods.

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The Defense Production Act of 1950, which was passed to streamline production during the Korean war, was last used in early 2021 during the coronavirus pandemic to accelerate and expand the availability of ventilators and personal protective equipment.

  • Semi-Hemi-Demigod@kbin.social
    9·
    1 year ago

    I agree with the general sentiment of this, but you’re wrong here:

    it has only helped people with a union organization

    Union membership increases pay for non-union people, since their employers now have to compete for employees at that higher pay rate.

    But pay is just one side of the equation. If I get a 10% raise and prices go up by 9%, it’s only a 1% raise. I would really love to see our government take corporations to task for this, but until politicians don’t need corporate money to get elected it’s not going to happen.