As we noted in a Sugar Beat post earlier this week, Big Candy and other producers of sugar-sweetened foods are outpacing others when it comes to economic success. Best of all, they are adding jobs – up 3% since 2009 – and expanding production right here in America.
And as Dr. Alexander Triantis, the dean of the University of Maryland’s business school, noted in a recent paper, their success has been supercharged since the current U.S. sugar policy took hold in 2008.
Part of that could be due to the fact that food manufacturers are producing more and charging more for their products – even though sugar prices have remained relatively flat.
So, if sugar policy has not slowed job creation by food producers, does it affect employment in America at all? Absolutely, according to Triantis.
Over the past 25 years, he said, sugar industry employment has dropped roughly 40 percent because sugar prices have fallen by 40 percent over that same period, when corrected for inflation.
“While employment in sugar growing and processing has declined significantly over the past two decades,” he concluded, “the sugar sector still supports a large number of jobs that would be at high risk of disappearing if the current U.S. sugar policy were to be significantly modified or rescinded.”
The conclusion is clear: #SugarPolicyWorks.