Economic Impact
According to the U.S. Department of Transportation (DOT): "Transportation's vital importance to the U.S. economy is underscored by the fact that more than $1 out of every $10 produced in the U.S. gross domestic product is related to transportation activity. This includes all aspects of transportation, including the movement of goods and the purchase of all transportation-related products and services as well as the movement of people." Employment in the transportation and material moving industry accounted for 7.4% of all employment, and was the 5th largest employment group in the United States.
The US invests 0.6% of its GDP on transportation annually.
Read more about this topic: Transportation In The United States
Famous quotes containing the words economic and/or impact:
“Our country has deliberately undertaken a great social and economic experiment, noble in motive and far- reaching in purpose.”
—Herbert Hoover (1874–1964)
“Television does not dominate or insist, as movies do. It is not sensational, but taken for granted. Insistence would destroy it, for its message is so dire that it relies on being the background drone that counters silence. For most of us, it is something turned on and off as we would the light. It is a service, not a luxury or a thing of choice.”
—David Thomson, U.S. film historian. America in the Dark: The Impact of Hollywood Films on American Culture, ch. 8, William Morrow (1977)