alt Hacker NewsSad to see Healthcare and government employment growth outpace everything else. If we're all nurses or regulators who will build our country?
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The bigger concern is that we've steadily been going from a circa 4:1 ratio of worker to non-worker to closer to 2:1 ratio. For an economic system based on workers paying the way for non-workers that is toxic. We've royally screwed up immigration, which could have helped, so all we have left is hoping for a hail mary huge productive boost or might as well shut up shop and figure out a new model
The general trend of government employment hasn't been all that exciting: https://www.pewresearch.org/short-reads/2025/01/07/what-the-...
But, yes, the plan does seem to be that we all go broke attempting to get health care.
Welcome to Europe. As an example, in Spain, there are 500K more people living off the government than working in the private sector: https://theobjective.com/economia/macroeconomia/2024-09-16/a...
Healthcare employment’s guaranteed to keep rising until they’ve soaked up all the would-be inheritance from the Boomers.
Millennials are a large cohort, too, so it may stay steadily high for a good long while after that, after perhaps a small dip for X. Depends how much money they have for the healthcare sector to scoop up. Savings-at-same-age has been really bad for them relative to boomers, so we’ll see. May see healthcare employment shrink even as need (sans the dollars to back it up) grows, next time a demographic “lump” gets old.
Not sure why they bundled education and healthcare together. As far as higher education is concerned, the job market is terrible. Many state universities have hiring freeze as they are tightening belts due to the lost NSF and NIH fundings.