Billions Behind Bars
CNBC goes behind the raor wires to investigate the profits and inner workings of the multi-billion dollar corrections industry
With more than 2.3 million people locked up, the U.S. has the highest incarceration rate in the world. One out of 100 American adults is behind bars – while a stunning one out of 32 is on probation, parole or in prison. This reliance on mass incarceration has created a thriving prison economy. The states and the federal government spend about $74 billion a year on corrections, and nearly 800,000 people work in the industry. Full Story »
Posted by Dwight Rousu
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