New Study Shows 21 Million US Jobs Depend On Imports | Garment Industry News
Imports from major trading partners support net positive US jobs
Eight U.S. trade organizations – including those representing clothing and footwear brands, retailers and importers – released an economic impact study showing that imports support more than 21 million jobs in the United States.
The report, ‘Imports work for American workersFocuses on the net impact of imports on jobs in the United States – including statistics on industries such as retail, clothing, transportation, manufacturing and consumer technology.
The study also examines how imports support jobs in US states, as well as trade policy initiatives pending before Congress and the administration that may preserve or reduce import-related jobs.
Among the main findings:
Imports support more than 21 million U.S. jobs across the country, including a positive net number in every U.S. state. The 10 states with the most import-related jobs are California, Florida, Georgia, Illinois, New Jersey, New York, Ohio, Pennsylvania, Texas, and Virginia.
Imports from key trading partners – including Canada, China, the European Union and Mexico – support a net number of positive jobs in the United States.
Import-related jobs are good jobs that pay competitive wages. Almost 8 million import-related jobs are held by minorities and 2.5 million jobs are held by workers represented by trade unions.
The vast majority (96%) of companies that import are small or medium-sized enterprises.
US trade policies, many of which are currently pending before Congress and the administration, have the potential to support and hurt these jobs.
âUSFIA supports fashion made possible by global trade,â said Julia Hughes, president of the US Fashion Industry Association, one of the organizations that commissioned the study. âAmerican fashion brands and retailers rely on American workers for product research, development and design, logistics, sourcing, sales teams and creativity to make the products consumers want to wear.
As the report says, âConclusion: No matter where the label places the origin of the apparel product, the fact remains that it probably includes a lot of content from American workers, in America. “”
Nate Herman, senior vice president of policy at AAFA, adds, âImports into the United States are essential to the health of the United States economy and to the provision of diverse, quality products to American consumers.
âImports are also essential to the global value chain in the United States, directly employing millions of American workers in product development, sourcing and compliance that turn those designs into product; the people in charge of transportation and logistics, the warehouse workers, the truck drivers who make sure the product makes it. market, and the merchants and sellers who sell this product. “
The study is published during “World Trade Week” as part of “World Trade Month” to highlight the critical role that imports play in the US and global economy.
It was prepared by Laura M Baughman and Dr Joseph F Francois of Trade Partnership Worldwide, and also supported by the American Chemistry Council, the Consumer Technology Association, the National Foreign Trade Council, the National Retail Federation, the Retail Industry Leaders Association, the United States Chamber of Commerce and the US Global Value Chain Coalition.