Buying American products is a fantastic idea and sounds very patriotic. However, what is the reason for purchasing products made in the USA? This write-up will give you an insight about the advantages of buying American products. The biggest benefits of buying American products are as follows;
1. HEALTHY ENVIRONMENT FOR PRODUCTION:
The environment used in manufacturing merchandise in the United States of America has a track record of safety. It has a comparative advantage over most countries regarding safety, and American made products are known to keep the environment cleaner and safer for human existence. Research has shown that most companies abroad do not follow strict safety guidelines and this makes their production process a dangerous one.
2. FAVORABLE LABOR LAWS:
When you buy American products from our manufacturers, you are also supporting good working conditions for the average American worker, and ensuring that child labor laws are enforced. When choosing American made products, you are also supporting a fair day’s wage for an honest day’s work. Most countries do not have a minimum wage law, and this provides a platform where workers are not given fair treatment.
3. ROBUST ECONOMY:
A robust economy is of of the biggest benefits of buying American. Buying goods made in the United States of America has enormous advantages as it boosts the economy. If we do not outsource jobs that are meant for our manufacturers in the economy to other countries, we will be investing in America as a whole. The outsourcing of jobs to other nations has proved to have an adverse impact on our economy as it reduces the employment opportunities in America. When we give out these jobs to other countries, we are indirectly supporting their economy, but if we patronize our producers and give them our full backing, the economy of America will be stronger and more buoyant.
4. INDEPENDENCE OF THE AMERICAN MARKET:
The lack of manufacturing in the US is not a wise strategy. Ensure you consume American made products. Doing this will make the American market grow more independent. Several factories and large sums of capital have been moved to nations that are not in alliance with the United States of America. When you choose American made products, you help to ensure that any political conflicts do not obstruct our access to goods and outputs.
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5. QUALITY SAFETY STANDARDS:
Experience has shown that many products from foreign countries lack safety standards. The presence of strict safety measures and consumer protection laws in the United States of America are there to compel our manufacturers to make products that are safe for human consumption. Buying these quality products will give you an assurance that you are purchasing the right products that have a warranty. Use of quality products will safeguard your life and the lives of your loved ones.
Most of us have heard this argument in our parlance. Buy local, so the money stays local. It is true, even at the national level. When companies stay in the United States, they hire U.S. employees. When U.S. workers are employed they can spend the money they earn, in turn paying sales tax on much of that spending; are not utilizing public assistance and paying taxes on their earnings. When companies stay in the United States, they pay taxes on their income to the U.S. government. Companies invest their money in U.S. banks, making our economy stronger.
When companies outsource,
(1) those employed are outside of the United States, and their income taxes (if any) do not get paid to the United States of America.
(2) The company, utilizing tax shelters, does not pay taxes or at the very least their fair share of taxes, to the Government of United States.
(3) Funds earned are typically invested in off-shore accounts, thus not adding value to the U.S. economy.
What do you think are the biggest benefits of buying American?