Bad policy + innovation + demographics = this astounding graph

by Ryan Streeter on July 7, 2013. Follow Ryan on Twitter.

We’ve known for awhile that health care has been dominating the jobs landscape, but this chart from Brookings sums it all up:

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Growth in health care employment is a complicated story, one combining the skewed incentives of our health care policy environment (a bad thing), innovation in health care (a good thing), and an aging population (a thing).

That combination of factors, when added on top of the great recession, means that health care employment has nearly matched construction and manufacturing, as we see via the Atlantic:

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It would be interesting to see education employment overlaid on these graphs as well. On the topic of health care and education employment, I still think this essay by Kling and Schulz is one of the best.