Globalization has made it so that the world is smaller and countries can do business without many limitations in today’s day and age. That landscape means there are more choices than ever on the market. And in our industry, it’s common to encounter turnkey solutions that have been imported from other countries, and other products whose parts come predominantly from overseas.
On the surface, this might be a point that’s easy to gloss over. As more countries step up their game and do business abroad, it begs the question: What does this mean for American manufacturers and the economy writ large?
Indeed, the case for buying American-made products is backed by facts and figures. The most obvious reason is that buying American products directly creates jobs. But these manufacturing jobs also create other jobs. Depending on the nature of the end product, the supply chain can be intricate and can have many layers that aren’t apparent to the average consumer.
For example, metal sourced from American suppliers calls for freight, logistics, sales, accounting, and all other functions associated with running such an operation. Diving deeper, the impact is significant and goes beyond the surface level. For every $1 spent in manufacturing, another $1.81 is added to the economy, per the National Association of Manufacturers. This is the highest multiplier effect of any economic sector.
What’s more, the workforce are also consumers, and consumer spending makes up a huge part of the economy and is a major indicator of its overall health. Personal consumption expenditures continue to account for more than 60 percent of total employment in the U.S. economy, according to a report from the Bureau of Labor Statistics. You don’t see that same result when you do business with a company in China.
And buying American-made products is not just good for our economy, it’s better for people and the environment. American companies are generally held to more stringent standards in terms of safety, education, employee benefits and environmental stewardship.
Last of all, domestic manufacturers pay U.S. taxes, which go to fund important programs such as education, national defense, Social Security, Medicare & Medicaid, transportation, and research in science and healthcare. Again, when you choose American, you’re doing your part to invest in this great country.
Neutrasafe Corp. is proud to be an American manufacturer. We work hard to separate ourselves from the competition, and are proud of how we began, where we are today, and what the future holds.
