Health care will add more jobs than any other sector in coming decade, while manufacturing industries are projected to shed the greatest number of positions.Health-related jobs in areas such as home health care and hospitals will grow by about 3.7 million jobs by 2026, according to a report released Tuesday ...
3.7 million more medical workers is about 15 million more old and sick, some 10% of the work force. But productivity growth is at a standstill, mainly because we are stuck on entitlements. Our potential growth rate is likely below 2%, and this drops it by 20%, resulting in potential growth of 1.5%, impossible, the debt costs won't go much below 2% before foreign investors drop out.
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