Tuesday, September 23, 2014

The US Fishing Industry Adding to Economy

Despite the fishing industry currently accounting for over 90 Billion dollars annually in the United States economy, many people in the industry still believes they need to find new ways to stimulate the fishing world or it might just all sink. It isn’t the current situation of the fishing industry, but the future one that people worry about. The Hamilton Project in particular has been trying to create forums and areas for discussion on what could be done to improve the economic growth and long-term prosperity of the US Fishing Industry.

The forums were lit up with proposals from major names, including Christopher Costello, who is an economist from UC Santa Barbara and proposed an amendment to the Fishery Conservation and Management act. The change would allow more fisheries to use alternative management structures rather than keeping to a very strict system when it comes to the ecological status quo.

While seeing over one million jobs caught in this fishing industry struggle, it does seem at least for the time being that things are alright in the fishing world, and this entire plan from the Hamilton Project is simply to make sure that everything doesn’t fall apart, particularly around the ecological sustainability of the fishing industry. It does still have people worried though, as there is a potential that the sea just simply can’t handle that many fishers, and those are just the ones in the United States. We’ve already seen the Japanese, who have one of the highest fisherman populations, resort to the use of whales and dolphins for fish potential, and this is largely what concerns the US fishing industry.

Hopefully it is only a scare though, and with these prevention measures being put in place, it won’t be long before someone manages to figure out what the fishing industry can do, other than to fish less.

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