Health care and the creative economy

Richard Florida on the role of health care and education in the creative economy:

Our research and that of Todd Gabe show that education and health add very little if anything to regional income. It’s sectors and occupations like management, science and technology, and even arts and culture that drive regional income and development. That said, at 25 percent of GDP, eds and meds are the floor of the intangible or creative economy. They provide stable, long-term jobs which pay well. Seems to me they have to be a centerpiece of a long-run economic recovery plan and along with the massive upgrading in pay and working conditions of service jobs.

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