Prison System in the States is a 37 Billion Dollar Industry
Wow, this is incredible. This article on CNN talks about the money involved in operating the U.S. prison system. In 1985, it states that the U.S. had over 700,000 inmates. Today, this is over 2 million. That is astounding. The prison system is growing faster than the population and the U.S. has the highest incarceration rate in the western world (which it has had for years anyways).
When I see numbers like this though, I ask myself, how many people must be employed by this system? I would assume hundreds of thousands. If you ever wanted to get into an industry that has potential, this would be it. Will the market ever crash on people being bad? I doubt it. It looks like most of these companies are well established and some have been around a long time, but this could be good area to invent some neat product that could be used in prison systems everywhere. Also, programs for reforming criminals and introducing them back into society will definitely need to expand if there is this kind of growth in incarcerations.
Not that I think people should try and profit off of something bad, but it is an opportunity for those who could do a good job at it. Preventing crime in the first place is the most important step and crime deterrent products and programs are also very valuable.
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