[petra]

True there are any bullshit jobs. But is this really the majority of the economy?

Advertising share of gdp is at ~2%. Healthcare share is ~20% and rising. And from my experience as a non- It worker, most of the jobs deal with useful stuff (however inefficiently they do so).

[jessaustin]

Healthcare share is ~20% and rising.

Ask anyone who works in healthcare: the portion of their work that is growing is mostly "bullshit". Insurance companies and other payers like Medicaid are constantly innovating in new techniques for delaying and denying payment. It isn't clear how much of that is just a feedback loop, as providers hire more admin staff to deal with billing and then feel pressure to increase billing to pay for that staff, in response to which payers feel more pressure to deny payment, but there's definitely a lot of "bullshit" going on.

[rglullis]

Is the quality of the healthcare rising as well, or is this rise in the GDP mostly due to increasing costs and more regulations and to deal with the bureaucracy? I might be wrong, but my intuition says that we are not getting more doctors, paramedics, nurses and bioscience researchers around due to any new law.

Also, it's not so much about GDP per industry, but perhaps if you have the GDP per capita at different industries, we could take a look at what kind of jobs are being created and that actually needed.