A new study finds that U.S. lead battery manufacturers and recyclers provided more than $6 billion in labor income and more than $26.3 billion in economic output in 2018.
The study, Economic Contribution of the U.S. Lead Battery Industry, shows how battery manufacturers and recyclers directly support their local economies with employee revenue, as well as multiplier effects.
A new study finds that the U.S. lead battery manufacturing and recycling industry employs 24,700 workers, spends $7.4 billion annually on payroll, and generates $10.9 billion in business sales. The average, per-worker salary among lead mining and recycling companies is $98,100; the average, per-worker salary among lead battery manufacturers is $64,000. Compared to many other private industry sectors, salaries in the lead battery industry are 96% higher for mining and recycling workers, and 28% higher for manufacturing workers.
In addition to direct employees, the industry supports 30,900 supplier jobs in a variety of industries, and an additional 36,600 jobs from worker spending in different industries.
Together the impact is nearly 92,000 jobs. Beyond job impact, the lead battery industry annually supports nearly:
- $6 billion in labor income;
- $10.9 billion in gross domestic product (GDP);
- $26.3 billion in output or overall economic impact in 2018; and
- $2.4 billion in government revenue.
In addition to the U.S. study, the economic impact of the industry has been measured in California and Missouri.
California is home to a significant amount of lead battery manufacturing and recycling activity. The industry directly employs approximately 1,072 workers and spends $195.9 million annually on payroll. In addition to the workers that California’s lead battery industry directly employs, it supports 1,154 supplier jobs and 830 jobs from worker spending in different industries. Together, these impacts total 3,056 jobs plus an additional 77 R&D jobs. Read more in the study.
The lead battery industry delivers $2.5 billion annually in overall economic impact in Missouri, including 3,210 direct jobs and supports 8,150 jobs across the state. Read more in the study.
These impacts represent the lead battery industry’s contribution to the U.S. economy.
For more information, please click here to download Economic Contribution of the U.S. Lead Battery Industry.