Study Shows Impact of Metals Industry Jobs
A recent study commissioned by the MSCI shows the economic contributions of the metal industry.
Share
A study commissioned by the Metals Service Center Institute (MSCI) of Rolling Meadows, Illinois, shows that metal production and distribution accounted for more than $552 billion, or more than 3.5 percent, of the U.S. gross domestic product in 2012.
The study, conducted by John Dunham and Associates, found that metal producers and service centers directly and indirectly employ nearly 2.5 million Americans. These workers earn more than $150 billion in wages and benefits. Additionally, members of the industry and their employees pay about $64.5 billion in federal, state and local taxes. According to MSCI, these results indicate that the metal industry holds valuable jobs and positively stimulates the economy.
Metals Service Center Institute, call 847-485-3000 or visit msci.org.
Related Content
-
Same Headcount, Double the Sales: Successful Job Shop Automation
Doubling sales requires more than just robots. Pro Products’ staff works in tandem with robots, performing inspection and other value-added activities.
-
DN Solutions Responds to Labor Shortages, Reshoring, the Automotive Industry and More
At its first in-person DIMF since 2019, DN Solutions showcased a range of new technologies, from automation to machine tools to software. President WJ Kim explains how these products are responses to changes within the company and the manufacturing industry as a whole.
-
Solve Worker Shortages With ACE Workforce Development
The America’s Cutting Edge (ACE) program is addressing the current shortage in trained and available workers by offering no-cost online and in-person training opportunities in CNC machining and metrology.
