How Does Recycling Affect The Economy

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“We ask people to recycle, but then we do not know what to do with this stuff. By making use of waste materials, the manufactures of these new building materials are creating exciting new markets and completing a loop,” says Kate Warner (Shulman). Recycling is a practice familiar to mankind since 400 B.C, though the word itself can trace its origin back to 1922 in regards to industrial processes and in 1960 for the reuse of waste material. Recycling has been a common practice in the efforts to help the economy as seen during war and post-war eras with the gathering of scrap metals, paper, bottles and so forth. Over the decades, recycling has grown thanks to technological advancements. Such advancements have allowed for various materials to …show more content…
Recycling is hyped for the positive impact to the environment, but the impact to the economy is also important to note. Among the economic benefit of recycling are the creation of jobs, building of competitive industries, reduction of disposal fees, retaining of local employers and so forth (EPA). In August 2006, a report released by the South Carolina Department of Commerce showed the economic summary for the previous year in regards to the recycling industry showing that 37,440 jobs were supported with $1.5 billion in personal income impact, production of $69 million in state tax revenue, and a total economic impact of $6.5 billion. The report further estimated that had all the common recyclables available been recycled, the state would have seen cost savings as high as $30 million (EPA). The market for recycling still has much room for growth but is showing a promising future if efforts continue to be made to get more of the population on …show more content…
The field of engineering is remarkable in the things that are created daily but the waste that comes with such projects is something that should also be dealt. Recycling has crept into the field of engineering noting that such materials can be effective and in result can minimize costs as well as create jobs; among other benefits. The work of incredible individuals has allowed for the creation of new materials by using older ones. What may seem like a useless piece of paper or metal or tire can amount to so much more, thus important to make recycling a

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