I heard this a.m. on CNN that the prison population grew by 5.2% this past year. With the population increasing and crime certainly not going to get any better, this is the sector to be in. Talk about a growth industry!
The 5.2% vs 7% growth in inmate population should not be a big factor here, when, according to several of the analysts in this business, only 1 out of every 25 arrests/convictions results in a person going to prison. This is due to the limited number of available prison beds. So until the county fixes this 1/25th problem, there will continue to be significant growth in prison beds....regardless of the 5.2% vs 7%. I believe this is an industry with continued significant growth in it's future.