Health Care Driving Job Growth
Posted at 2:30 p.m. on Feb. 21
Catherine Rampell: “Health care has provided a steady contribution to gross domestic product even as other sectors cut back dramatically… Not only has it added more jobs than any other sector, but without it, there would actually be slightly fewer jobs in the United States today than in 2000.”
“Health care is a notoriously inefficient industry — in 2008, there were five people performing administrative support for every one doctor — and a lot of the jobs that have been created in recent years probably involve feeding that inefficiency.”
