“We’ve been seeing this for any number of years: the fastest-growing part of the industry is in healthcare,” he said. “And why do you think that is? It’s because there are a lot of old people around, and old people don’t hold up quite as well as young people.”
And as more and more baby boomers age, Ratledge says the need for more healthcare workers will continue to grow. But the aging population could hurt other sectors, like construction. When the housing bubble burst, thousands of construction workers found themselves out of work. Ratledge says it could happen again.