Councilwoman Margaret Chin, who represents Chinatown among other neighborhoods in Lower Manhattan has proposed it be illegal to buy knockoff goods, just as it is aleady illegal to sell them.
Many of the 50 million tourists who now come to NYTC annually plan to make such a purchase part of their NYC visit. But it’s doubtful these cheerful buyers of handbags, sunglasses and perhaps sneakers realize just what a blight on the US economy these goods are.
As the largest consumer nation, the United states is the country most adversely affected by the $600+ billion trade in counterfeit goods.
The figures for 2007 show that 750,000 jobs were lost in the USA as a result of this trade. It would probably be more like a million jobs lost by now especially since the range and sophistication of the counterfeit trade has grown so much since 2007.
It’s a stretch of the imagaination to associate the bustle of Canal St to these sober statisitcs, but the connection must be made. Law enforcement officials say making buying illegal as well as selling is a good move and has proved successful as a means of crime prevention in other areas.
So go for it Margaret Chin and thank you for looking out for the economic welfare of all New Yorkers. COMMENT on the knoffoff trade in NYC and LIKE the idea of increasing the job opportunities for New Yorkers.