The job creating power of buying American-made
According to a new report, if Americans spent just $100 billion on U.S. goods instead of foreign goods, we could create more than 1 million new manufacturing jobs, according to the Cleveland Plain Dealer.
A report released Wednesday by economist and author Robert Aliber says that the annual U.S. trade deficit is hindering the growth of manufacturing job creation. As Aliber put it, “the annual trade deficit has increased by $300 billion in recent years. Each $1 billion means 12,500 manufacturing jobs. Each $100 billion means $1.25 million jobs.”
This is no news to us. We’ve long touted the importance of buying American-made goods, and strengthening Buy American preferences in state and federally funded projects. If we all do our part to buy Made in USA products, the economy—and our industrial base—will benefit in a big way.
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