Recycling of scrap, including plastics, is a big provider of jobs in the United States, according to a new study from a major scrap trade group.
The Institute of Scrap Recyclers Inc., in the new report, claims that 471,587 jobs come from the scrap industry, including 149,010 direct jobs as well as another 322,577 jobs “indirectly supported by the scrap recycling industry through suppliers and the indirect impact of the industry's expenditures,” ISRI reported.
“These are real people with real jobs — not only in firms that process scrap materials into new, usable commodity inputs, but in firms that supply the industry with recycled materials, like auto yards and independent peddlers, as well as firms that supply machinery, trucks and services to processors,” reads an executive summary of the study.
“While the last several months have been difficult for commodities, this study suggests hope for a rebound,” said Robin Wiener, ISRI president, in a statement.
The report is available at www.isri.org/economy.
The study estimates that the scrap industry accounts for 0.68 percent of the nation's economic activity and generates almost $106 billion in economic activity each year.