4 ms·
> If Lambda can turn a profit by offering people a stab at a decent job, that would be a fine lesson in capitalism. I'm not so sure. The solution might not be
by dj_gitmo 7y ago
> If Lambda can turn a profit by offering people a stab at a decent job, that would be a fine lesson in capitalism.
I'm not so sure. The solution might not be to train more nurses, but to retain the exiting nurses. Nurses have a really high turnover rate in the U.S. The problem is nursing is demanding work and it often requires long hours.
> Nurses who work more than 12 hours in a single shift and more than 40 hours a week are likely to leave the nursing workforce within a year. Overtime for nurses should not be commonplace. Instead, hospitals and other healthcare organizations should reduce the length of shifts and the number of hours in a workweek. Hospital administrators should not push nurses into working extra hours.
https://rnbsnonline.unm.edu/articles/high-cost-of-nurse-turnover.aspx https://rnbsnonline.unm.edu/articles/high-cost-of-nurse-turn...
> A study by Compdata Surveys of 11,000 healthcare employers with more than 11 million employees found the average turnover in healthcare jobs in 2017 was 20.6%, up from 15.6% in 2010, putting healthcare’s turnover second only to hospitality’s.
https://www.beckershospitalreview.com/finance/will-2018-be-the-year-healthcare-addresses-its-turnover-problem.html https://www.beckershospitalreview.com/finance/will-2018-be-t...
> Turnover rates also varied significantly across countries with the highest rate reported in New Zealand (44·3%) followed by the US (26·8%), Canada (19·9%) and Australia (15·1%).
https://onlinelibrary.wiley.com/doi/abs/10.1111/jan.12483 https://onlinelibrary.wiley.com/doi/abs/10.1111/jan.12483
This might be a lesson in capitalism, but maybe not the lesson that The Economists thinks.