More than 651,000 jobs supported by the U.S. beer industry will be lost by the end of 2020, according to research from the Beer Institute, Brewers Association, the National Beer Wholesalers Association, and the American Beverage Licensees. These job losses include more than 3,600 brewing jobs, 1,800 distributing jobs, and 400,000 retail-related jobs.
The report forecasts the COVID-19 pandemic will result in beer sales declining by more than $22 billion.
“Although millions of Americans continue to enjoy beer responsibly every day, because of the COVID-19 pandemic, the beer industry has seen a dramatic decline both in sales and jobs that rely on our nation’s most popular alcohol beverage,” said Jim McGreevy, president and CEO of the Beer Institute, in a statement. “We hope policymakers consider that our nation’s brewers and beer importers are having to make difficult decisions to adjust for the impact of the COVID-19 pandemic. Members of Congress should pass legislation to ensure our nation’s beer industry does not face a $154 million annual tax increase next year, and state legislatures should not raise taxes on the beer industry to resolve budget shortfalls. These tax increases will only result in additional job losses for our nation’s brewers and beer importers and the millions of American’s whose livelihood depends on them.”
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from Industry Operations https://ift.tt/301DVqy
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