Pentagon outlays cause net job loss, study says

Every $1 billion the Pentagon spends on military purchases causes a loss of 18,000 jobs in the nation because that money is not spent by consumers, a new study says.

Based on Defense Department procurement figures and Bureau of Labor Statistics impact figures for 156 industries, the study said the 1981 military budget of $154 billion ''caused a net loss of 1,520,000 jobs to the industrial and commercial base of the United States.'' The study is by Employment Research Associates of Lansing, Mich.

You've read  of  free articles. Subscribe to continue.
QR Code to Pentagon outlays cause net job loss, study says
Read this article in
https://www.csmonitor.com/1982/1026/102618.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe