The Impact of Defense Spending on Nondefense Engineering Labor Markets A Report to the National Academy of Engineering (1989) / Chapter Skim
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Historical Overview
Historical Overview
Pages 3-4
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In the face of a rapid increase in defense outlays, the civilian economy's continued growth could not be sustained; resources had to be redirected to defense work. After the Vietnam War, the drop in military expenditures and a sudden decrease in graduate student support from the federal government, accompanied by a peak in the number of doctorates awarded, created a temporary oversupply in the labor market for doctorates.
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From page 4... ...
Scholarships, fellowships, and other student aid provided by the states, private contributions, and financial awards granted by the institutions themselves contributed to the extension of educational opportunities. A second effective policy initiative after World War ~ was federal direct support for research grants and contracts -- in such areas as military, nuclear, space, energy, environmental technology and medical research, as well as in basic scientific research.
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