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Healthcare is the defining labor market story of the 21st century. No industry has added more jobs, reshaped more communities, or become more essential to the economy. Now the largest sector by employment in the U.S., healthcare has added over 10 million jobs since 1990—outpacing every other industry.
This historic growth has driven wage gains across the income distribution, with healthcare workers seeing some of the strongest earnings increases of any occupation. A recent National Bureau of Economic Research (NBER) working paper highlights this trend: “Real wages have grown faster for healthcare (clinical and overall) than non-health