New analysis of government data shows that military spending is a weak job engine compared to other investments
Thursday, December 1, 2011 - 04:00
in Mathematics & Economics
Given the recent focus on the federal defense budget, Robert Pollin and Heidi Garrett-Peltier, of the Political Economy Research Institute at the University of Massachusetts Amherst, have revisited their assessment of the employment-creation potential of military spending. As in the previous editions of their study, they find unequivocally that government spending on the military is a far weaker engine of job growth than are investments in clean energy, health care, or education, and is even weaker than spending the same amount on household consumption.