Quote:
Originally Posted by Larry King
the thought that eds and meds are a bubble of sorts gives me alot of anxiety
if these industries ever collapse, PA is in for a free fall
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Not necessarily. The bubble will slowly deflate in Pennsylvania as it inflates in other states with rapidly-aging populations. Pennsylvania's elderly population is expected to grow the slowest of all states over the next 20 years, and its ranking among the oldest states is expected to drop precipitously as well. Furthermore, Pennsylvania is one of the leading states in medical research and development, which is essential, so those jobs are more likely to stick around because the state has established itself in that field. If there are mass layoffs, it'll mostly affect medical paper-pushers, which every state has.