Infographic

Prison: The Secret Industry [Infographic]

There are 2.3 million people living behind bars, costing the federal government 55 billion dollars every year. Crime pays, but to whom? Between 1990 and 2010, the number of privately operated prisons in the United States had grown 1,600%. Private prisons rake in about 3 billion dollars in revenue annually, over half of that coming from holding facilities for undocumented immigrants. In fact, more than 50% of detainment facilities for immigrants are run by private prisons.

Turns out that prison is a big business, and private prison companies rely on people committing crimes (or at least getting convicted of them) to keep their wallets fat. The two biggest private prison companies in the United States, Corrections Corporation of America and the The GEO Group make up 75% of the private industry, as well has having some pretty sweet deals with the government. Contracts that state that prison occupancy is guaranteed by the government to stay at or above a specified level and that if the rates fall below, the government will still pay for the empty beds. A lot of these contracts have a minimum occupancy rate of over 90%.

Here is an infographic with more on the subject, give it a look and let us know what you think about it in the comments. Don’t forget to like and share.

Private Prison Industry
Source: Online-Paralegal-Degree.org

NowSourcing

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

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