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comment by ilex
ilex  ·  1719 days ago  ·  link  ·    ·  parent  ·  post: The Military-Industrial Virus

    Robert Pollin and Heidi Garrett-­Peltier of the Political Economy Research Institute at the University of Massachusetts Amherst have calculated the number of jobs spawned by an investment of $1 billion in various industries, ranging from defense to health care, renewable energy, and education. Education came in first by a wide margin, producing 26,700 jobs, followed by health care at 17,200. Defense, generating 11,200 jobs, ranked last. “All economic activity creates some employment,” Pollin told me. “That isn’t at issue. The relevant question is how much employment in the U.S. gets created for a given level of spending in one area of the economy as opposed to others.” The fact is that defense spending generates fewer jobs than green energy, education, and other critical industries.