What's Really Propping Up The Economy

摘要

If you really want to understand what makes the U.S. economy tick these days, don't go to Silicon Valley, Wall Street, or Washington. Just take a short trip to your local hospital. Park where you don't block the ambulances, and watch the unending flow of doctors, nurses, technicians, and support personnel. You'll have a front-row seat at the health-care economy. For years, everyone from politicians on both sides of the aisle to corporate execs to your Aunt Tilly have justifiably bemoaned American health care—the out-of-control costs, the vast inefficiencies, the lack of access, and the often inexplicable blunders. But the very real problems with the health-care system mask a simple fact: Without it the nation's labor market would be in a deep coma. Since 2001, 1.7 million new jobs have been added in the health-care sector, which includes related industries such as Pharmaceuticals and health insurance (page 62). Meanwhile, the number of private-sector jobs outside of health care is no higher than it was five years ago.