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US Recycling Industry Generates $105bn Annually
May 27, 2015
US Recycling Industry Generates $105bn Annually
The scrap recycling industry in the US generates more than $105 billion annually in economic activity and accounts for nearly half a million jobs, according to a study released by the Institute of Scrap Recycling Industries.
The study was performed by the independent consulting firm of John Dunham and Associates to explore the size and scope of the scrap industry in the US, and measure its contribution to the economy in terms of employment, tax generation, and overall economic benefit.
According to the report, the recycling industry is responsible for 471,587 direct and indirect jobs in the US. This includes 149,010 direct jobs that pay an average of $77,153 in wages and benefits. Direct jobs include those in facilities that process scrap materials into new, usable commodities. Indirect jobs come from those that supply machinery, equipment and services to processors, and the wages and taxes paid by the scrap recyclers to their workers and suppliers.
Read more at Environmental Leader.
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