As of 2023, wages and salaries in the US textiles, wearing apparel, and leather products sector stood at 15.59 billion USD. From 2024 onwards, forecasts indicate a decline in industry wages, with an annual percentage decrease ranging from 1.49% to 1.87% per year through 2028. The compound annual growth rate (CAGR) from 2023 to 2028 shows an average decrease of 1.50% per year.

Future trends to watch for:

Impact of automation and technological advancements reducing demand for traditional labor.
Potential benefits from industry shifts towards sustainable and eco-friendly product lines.
Increasing geopolitical tensions potentially affecting global supply chains and labor dynamics.