David and Bharath on the impact of the growth of the medical industry on the local economy

This podcast from David Sills and Bharath Ramini discusses the microeconomic and macroeconomic factors that influence growth in the United States’ medical industry. Local areas that were influenced were considered microeconomic, and national influences were considered macroeconomic. They found research indicating a large increase in the number of hospitals nationally and hypothesized that employment opportunities in health fields would increase as a result. Their hypothesis was proven correct based on data retrieved from their interview and research, which suggested that a direct correlation existed between growth in the health industry and employment opportunities; more health facilities allowed more access of health services to people, and as a result, created a higher demand for jobs that were related to health services.

Prison Costs on the Rise

Our podcast is about the increase of cost of prisons. Our driving question was “What is the reason the cost of prisons is increasing?” We interviewed Ian Crumrine’s dad, Mike Crumrine. Mike talked to us about why in Ohio the cost is increasing. Some websites we used to support our evidence was: Smart Asset Blog. We found that the facts from this blog are from BBC. Another source we used was The Vera Institute website. This website compared Ohio with the U.S.