Tuesday, December 6, 2011

Think Progress: Defense spending least effective in creating jobs

Non-military spending creates more jobs than money that goes to defense programs. 

The study’s authors, economists Robert Pollin and Heidi Garret-Peltier of the Political Economy Research Institute, used statistics from the U.S. Department of Commerce, the Bureau of Labor Statistics and other sources. 

The authors determined  how many jobs are created by public spending in various sectors. 

The bar graph reflect the number of jobs created per $billion dollars spent in those sectors. 

Military spending was the least effective way to create jobs, creating fewer jobs per each billion dollars spent than even consumer-oriented tax cuts.

Rightardia suspects this is because of the high profitability of the defense industry and the requirement for high tech workers: engineers and technicians. 

The study suggests the US should spend more on infrastructure and less on defense to create jobs. 

See the original study at

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