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Biden says jobs that pay $45 or $50 an hour - not $7 or $12 - are part of his climate-infrastructure plan

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  • Biden said workers would earn high wages to prepare for climate change under his resilience plan.

  • The president's Build Back Better proposal includes jobs that pay "$45 or $50 an hour," he said.

  • He added that the plan would return $6 in savings for each dollar invested to prevent disaster.

  • See more stories on Insider's business page.

Jobs that help prepare the US for the changing climate will pay a high hourly wage, President Joe Biden said after touring storm damage in New York and New Jersey on Tuesday.

"I think of one word when I think of climate change: jobs, good-paying jobs," he said. "Not $7 or $12 or $15, but $45, $50 an hour, plus healthcare. That's what is needed."

Biden's $45 figure is more than six times higher than the Federal minimum wage of $7.25 an hour, which has remained unchanged since 2009, when Biden was vice president in the Obama administration.

Businesses are increasingly finding it difficult to attract talent by offering less than $15 an hour, making that a de facto minimum wage in some instances.

Related video: Actual take-home pay from a $75,000 salary

Biden described increased spending on climate resilience as a smart investment, saying that each dollar invested under his Build Back Better plan in things like flood mitigation, forest-fire prevention, and burying electrical lines would ultimately lead to $6 in savings.

"The storm in the Gulf, as you've now figured out, can reverberate 10 states away," he said. "Supply chains and crop production get interrupted, driving up costs, devastating industries all over America. This is everybody's crisis."

Tripti Bhattacharya, an environmental-science professor at Syracuse University, told NPR that Ida had "just the right mix of weather conditions" in place to wreak havoc across the Northeast more than 1,000 miles from where it made landfall in Louisiana.

"A storm like this would have been exceptionally rare 20 or 50 years ago, but we have to start thinking about it becoming the norm as the climate warms," she said.

Against that backdrop, Biden is pitching his multitrillion-dollar spending plan as a win-win in both economic terms and, more importantly, lives saved.

"It's serious, serious business," he said. "We got a lot of work to do."

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