We’ve all heard the jingle – reduce, reuse, recycle. We know that recycling is good for the environment, it helps save the earth from further stripping of precious raw materials, reduces energy use which reduces emissions, and reduces the amount of materials that are thrown into landfills yearly. But have you thought about how much recycling plays into the economy? Direct Metals Recycling shares with you the findings of a recent study conducted by the Institute of Scrap Metal Recycling Industries (ISRI).
ISRI did an impact study early in July of this year that determined the impact of the scrap metal recycling industry on the US economy. Their findings proved that scrap metal recycling isn’t just good for the environment, it’s good for the economy as well.
With over 460,000 US jobs and a total economic activity of over $87 billion annually, the scrap metal recycling industry rivals that of other mainstream industries such as cosmetics or milk. Since 2008, job growth has been unsteady across most markets, but the scrap metal recycling industry has been at the forefront of job creation, adding more than 15,000 jobs to the economy since the beginning of 2010. The scrap industry does all of this while protecting our land, air, and water supplies for future generations and reducing the strain on the earth for raw materials.
So, next time that you think that scrap metal recycling is just a hobby, and something that just “dumpster divers” do, remember that every scrapper is a major contributor to the US economy and that every piece of metal that they salvage is that much less that we have to garnish from the ever dwindling supply available from the earth. Direct Metals Recycling says thank you to all of you catalytic converter scrappers, copper hunters, and aluminum salvagers for helping us save the earth!