Indeed it is and it will take with it any sucker foolish enough to enter the industry. Like the housing bubble and the dot-com boom, its collapse goes against all conventional and establishment thinking, but it’s an easy call to make if you examine the evidence.
At first, the industry looks healthy, robust and likely to expand well into the future. According to a recent report by Georgetown University, healthcare demand is expected to grow twice as fast as the rest of the economy. They predict jobs in the industry will make up 13 percent of all jobs in the US. They say the government will spend one out of every five dollars on healthcare. The study says much of the growth will come from robust demand from aging Baby Boomers.
You can hear it now. “That’s quite a growth trend! Why, I should tell my son or daughter about this so they can run head first into this high paying industry!” There’s only one problem with the school’s analysis. It’s a fiction based on erroneous projections. Read More