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I find it strange that the occupations you mentioned (nurses, teachers, caretakers) are lowely paid. Let's take nursing as an example. I keep hearing there is a
by iliketosleep 7y ago
I find it strange that the occupations you mentioned (nurses, teachers, caretakers) are lowely paid. Let's take nursing as an example. I keep hearing there is a shortage of nurses, and if that is so, shouldn't nursing salaries skyrocket? It's basic economics. A shortage of supply in a particular industry coupled with increasing demand should result in higher salaries. In fact, I've seen a similar phenomenon in a number of other industries (caretaking is one of them), where there is not an adequate supply of labor yet salaries are still low. Few people seem to raise this point, and I would love to know what is going on.
- bwb 7y agoNurse salaries are pretty good I think, around 46k to 79k a year I see on averages. Home care / care takers / medical assistants are super low though.
- chrisseaton 7y ago> It’s basic economics Yes it is! An employee only produces so much value. You don’t raise a salary beyond that no matter how limited supply is.
- pkaye 7y agoBack 15 years ago the spouse of one of my coworkers was a registered nurse and there was a shortage and I think nurses could compensation higher than an average software engineer. But later on, he said there was a lot of recruitment of nurses from the Philippines which brought the salaries down. Atleast that is what he used to tell me.