Yeh, and if a greater fraction of the population is working in healthcare, that means there's a smaller share for them to extract surplus from.  Which may perniciously incentivize the industry to get more people into chronic care conditions.


SimpleStacker

What does it say when an economy is increasingly dominated by this sector which is primarily maintenance related?

Worse than that -- the more that's spent, the more it's a sign that things have gone awry, given that hc spending is dominated by chronic disease spending, and chronic disease in this country is a sign of the foundations of life being hugely disordered.

HC spending is like an index fund on the poisons of modern life.

econ

Mini Pleb Economist: Understanding a GDP Headline (or, When Growth is Not Good)

> What does it say when an economy is increasingly dominated by this sector which is primarily maintenance related?

Worse than that -- the more that's spent, the more it's a sign that things have gone awry, given that hc spending is dominated by chronic disease spending, and chronic disease in this country is a sign of the foundations of life being hugely disordered.

HC spending is like an index fund on the poisons of modern life.