yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How health care quietly powers the U.S. economy | Michael Dowling | Big Think


2m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

Health care is a humongous economic engine. It's often forgotten about the fact that there is a real contribution to the economy by health care. If you're running a large health care organization, you're probably the place that is doing the most construction in the region.

So for example, in our organization, we do more construction than anybody else. If you want to be in the health care business and you want to be in the laundry business, we have the largest laundry service. If you want to be in maintenance, we have probably one of the largest maintenance shops in the region.

The dietary business – just imagine the amount of meals that are provided in a hospital every day; more meals than are provided in any restaurant than you can think about here in Manhattan, every single day, seven days a week. So if you want to be in the dietary business, in the food business, health care is a job growth area.

The point I'm trying to make is it is not just a business that only takes care of the medical treatment of a person who comes in who is ill. It's all of the other ancillary business. So whatever occupation that you want to be in, you can find it inside health care.

If you're in a poor community and you have a hospital – and some people would say, maybe that hospital in that community is not doing that well, but also, remember, that it is the largest employment source in that community.

And that's why you often get into a discussion about, well, maybe that hospital should be downsized. Maybe that hospital should be closed. And there are reasons to argue those points in certain circumstances, but you also have to face with the reality that, in those cases, that place is the only place that hires people from that community.

So if that facility closes, there are no jobs in that community. Therefore, that community, which is deprived at the moment, will only be more deprived if the hospital closes. So it's just not only health care alone that you're looking at. It's all of the surrounding issues that are connected to the direct provision of health care services...

More Articles

View All
ATP synthase | Cellular energetics | AP Biology | Khan Academy
In this video, we’re going to talk about what is arguably my favorite enzyme, and that is ATP synthase. You might be able to predict from its name what it does: it synthesizes ATP. Now, you’ve probably seen it before. We saw it when we looked at respirat…
Warren Buffett on One Last Day with Charlie Munger | Berkshire Hathaway 2024
Hi, my name is Andrew Ncas, and I’m wondering if you had one more day with Charlie, what would you do with him? [Applause] Well, it’s kind of interesting because, in effect, I did have one more day. I mean, it wasn’t a full day or anything, but he, we al…
Blockchain simplified: How it eliminates the middleman | Tony Saldanha
Blockchain is most commonly known because of Bitcoin, the cryptocurrency. And by the way, they’re very different things. So blockchain is the underlying programming on top of which cryptocurrency, Bitcoin, has been developed. Let me distinguish the two. …
Equivalent expressions with negative numbers | 7th grade | Khan Academy
Or ask which of the following expressions are equivalent to 2 minus 9.4 plus 0 plus 3.71, and we need to pick two answers. So pause this video and see if you can have a go at it before we do this together. All right, now let’s look through the choices. S…
The Housing Crisis that's Collapsing an Economy
If you’ve seen China in the news lately, you’re probably familiar with photos like these: lots of construction seemingly going on until you look closer, and you realize that there’s actually nobody working on these buildings. This is because China’s prope…
I study demonic possession dreams. Here’s what we’ve found. | Patrick McNamara
So I’ve been arguing that REM sleep is crucial for religious consciousness and for human creative capacities and for human cultural evolution, but when it goes off the rails, it’s associated with a lot of very serious disorders as well—everything from dep…