The healthcare jobs paradox, explained
Healthcare has managed to sustain and create jobs during the recession and economic rebound. But the anxiety about spending isn't going away.
An article this week in The Economist puts it succinctly: "Health spending may be disastrous for America's economic future; for many local economies, it is a boon…"
How the government will be able to cut or curb spending remains to be seen. In the meantime, healthcare employment is expected to continue to grow. But the nature of the jobs will change, research suggests, putting future healthcare wages in peril:
"Given that labour accounts for more than half of hospital costs, hospitals will probably try to squeeze more from their workers. Already services are moving from hospitals to clinics and from clinics to homes; jobs at clinics pay less than similar jobs at hospitals, explains Anthony Carnevale of Georgetown University's Centre on Education and the Workforce."