Economy
The Port of Long Beach imports and exports more than $100 billion worth of goods every year. The seaport is responsible for producing U.S. jobs, generating tax revenue, and supporting retail and manufacturing businesses. The port supports more than 30,000 jobs in the City of Long Beach; about 1 in 8 jobs. More than $800 million a year is spent on wholesale distribution services in the city.
In the City of Los Angeles, port operations generate more than 230,000 jobs with more than $10 billion a year going to distribution services in the city.
On the state level, the Port of Long Beach provides about 370,000 jobs and generates close to $5.6 billion a year in state and local tax revenues.
Read more about this topic: Port Of Long Beach
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)