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.