The "service economy" is basically a giant welfare project from the US government that is only maintained because the US has the strongest navy in the world and can borrow indefinitely because the dollar is the reserve currency. About 60% of our workforce is either directly or indirectly dependent on government spending for employment. Healthcare is either the top or one of the top sectors.
The "service economy" is basically a giant welfare project from the US government that is only maintained because the US has the strongest navy in the world and can borrow indefinitely because the dollar is the reserve currency. About 60% of our workforce is either directly or indirectly dependent on government spending for employment. Healthcare is either the top or one of the top sectors.
I work in healthcare and its 99% government spending, subsidies, reimbursements etc.