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Summarizes (1) the results and implications of Seattle's adaptation to the massive recession caused there by cutbacks in aerospace employment, (2) the implications for the area's future prosperity, and (3) policy strategies for ensuring that prosperity. Although mass layoffs in the aircraft industry occurred in Seattle between 1969 and 1971, the area's economy showed remarkable resilience, mainly because of the high incomes of Seattle residents, which enabled the unemployed to continue to consume out of personal assets. A model of the Seattle area economy was constructed to assess how the recession affected various sectors of the economy and to make projections regarding the city's future. Clearly, Seattle must diversify its economy, which still relies heavily on the aerospace industry. The high wage structure and the highly educated work force almost dictate that priority be given to attracting new jobs from high paying, high technology industry.

This report is part of the RAND Corporation Report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.