Safe Cosmetics Alliance | August 3, 2012
The latest jobs report shows the economy adding 163,000 jobs but unemployment increasing slightly to 8.3 percent, according to the Washington Post.
While this economy remains a difficult climate for businesses and consumers, the personal care products industry continues to create jobs.
Safe Cosmetics Alliance members account for nearly 2.8 million U.S. jobs directly and indirectly, and contribute nearly $189 billion in U.S. GDP every year.
Many employers in the cosmetics industry are small businesses. Firms with less than 50 employees account for 92 percent of cosmetics industry employment and firms with less than 10 employees account for 72 percent.
These small cosmetics businesses are a critical component of the American economy. According to the Small Business Administration, small businesses generated 65 percent of the net new jobs from 1994-2010.
In addition, according to Safe Cosmetics Alliance member the Direct Selling Association, there are 15.6 million direct sellers in the U.S. That’s 15.6 million Americans earning a supplemental or full time income helping to boost the economy.
All of these businesses – from local salon owners to small beauty product startups need updated laws that reflect advances in science and technology so that they can make an even greater economic contribution.
The Cosmetic Safety Amendments Act of 2012 is crucial to creating even more jobs and providing stability for the cosmetic and personal care industry, which has been a pillar of economic strength during the recession. A strong and consistent national framework will encourage and enable companies to innovate, generate tax revenue, and create jobs.
The bill would regulate cosmetics products and their manufacturers without straining taxpayer resources or placing an undue burden on small retailers, independent sales representatives, or distributors.
For more information on the Safe Cosmetics Alliance please visit safecosmeticsalliance.org.