4 ms·

There is a (real) shortage of nurses, but not necessarily of blockchain engineers.

by ls15 4y ago

danrocks 4y ago
Bitcoin solves that.
ChuckNorris89 4y ago
The shortage of nurses in European countries is caused by the poor pay, long hours and high stress working conditions in the overburdened and underfunded public healthcare system, not by the lack of qualified personnel. After Covid, thanks to remote work as well, many nurses switched careers to something that pays better or has more reasonable hours and flexibility. We have enough qualified people that could do the nursing job but not enough of them are willing to do it, making it basically an artificial self inflicted shortage. Private healthcare facilities had no shortage of nurses as they can charge customers whatever the current market rate is, not what the government says it should be. Increased pay and working conditions could cause nurses to return to the public sector, but then the question is "where money from?"
- mjhay 4y ago
  I don't think you were making this argument, but the private healthcare system in the US is suffering a nursing "shortage" as well, so it shouldn't be taken as a truism that in the private sector, the wages and conditions simply improve enough to balance the supply of nurses.
nosianu 4y ago
Yes, as I said, shortages may be real - however, the media don't react at all to the numerous people raising the question of why there is no increase in the price to meet the demand, meaning higher wages. My point was not that there are no shortages, but that the writers of the many articles about it are deaf to any feedback and only promote the exact same talking points without change. The "pro markets" side has always been quick to point to "the market" - but strangely, they completely ignore it when it comes to employment, where the market does not seem to work at all. Price seems to be decoupled from demand and those same pro-market voices ignore any and all questions about that phenomenon.
- SoftTalker 4y ago
  I don't know where you are but nurses are getting higher pay -- often including double or more for overtime (which is great in the short term but not sustainable). I have a son looking at nursing now because the job prospects are better than tech and with the aging population I don't see demand for nurses relaxing anytime soon.
  - nosianu 4y ago
    > I don't know where you are I started my original comment above with "Here in Germany...". As for current income data, it does not really matter at all? Because whatever the current level is, it's not part of my argument. It's about the market mechanism - higher demand should lead to higher wages. The dynamic behavior, the price changes. And we don't have that, even if you can show some increase, it's nowhere near the changes in demand. In many sectors. The argument was, if there really is a shortage, since we have a market, we should see or have already seen significant increases in compensation to signal the truth of such claims. We have not, not even close, for many years. The only kind of jobs where compensation increased far far above inflation was - the very top levels of management. Citing a statement from https://www.businessinsider.de/wirtschaft/manager-gehaelter-steigen-waehrend-untere-mittelschicht-weniger-verdient-a/ https://www.businessinsider.de/wirtschaft/manager-gehaelter-... > Führungskräfte haben ihren Gehaltsvorsprung laut eine Analyse der KfW zwischen 2010 und 2020 weiter ausgebaut. Ihr Gehalt stieg in zehn Jahren um fast 27 Prozent – auf fast doppelt so viel wie der Gesamtdurchschnitt aller Leistungsgruppen. Translation of the main point: Managers compensation between 2010 and 2020 increased about twice as much as the average of all groups.

There is a (real) shortage of nurses, but not necessarily of blockchain engineers.

by ls15 4y ago

There is a (real) shortage of nurses, but not necessarily of blockchain engineers.

danrocks 4y ago

Bitcoin solves that.

ChuckNorris89 4y ago

The shortage of nurses in European countries is caused by the poor pay, long hours and high stress working conditions in the overburdened and underfunded public healthcare system, not by the lack of qualified personnel. After Covid, thanks to remote work as well, many nurses switched careers to something that pays better or has more reasonable hours and flexibility. We have enough qualified people that could do the nursing job but not enough of them are willing to do it, making it basically an artificial self inflicted shortage. Private healthcare facilities had no shortage of nurses as they can charge customers whatever the current market rate is, not what the government says it should be. Increased pay and working conditions could cause nurses to return to the public sector, but then the question is "where money from?"

mjhay 4y ago
I don't think you were making this argument, but the private healthcare system in the US is suffering a nursing "shortage" as well, so it shouldn't be taken as a truism that in the private sector, the wages and conditions simply improve enough to balance the supply of nurses.

nosianu 4y ago

Yes, as I said, shortages may be real - however, the media don't react at all to the numerous people raising the question of why there is no increase in the price to meet the demand, meaning higher wages. My point was not that there are no shortages, but that the writers of the many articles about it are deaf to any feedback and only promote the exact same talking points without change. The "pro markets" side has always been quick to point to "the market" - but strangely, they completely ignore it when it comes to employment, where the market does not seem to work at all. Price seems to be decoupled from demand and those same pro-market voices ignore any and all questions about that phenomenon.

SoftTalker 4y ago
I don't know where you are but nurses are getting higher pay -- often including double or more for overtime (which is great in the short term but not sustainable). I have a son looking at nursing now because the job prospects are better than tech and with the aging population I don't see demand for nurses relaxing anytime soon.
- nosianu 4y ago
  > I don't know where you are I started my original comment above with "Here in Germany...". As for current income data, it does not really matter at all? Because whatever the current level is, it's not part of my argument. It's about the market mechanism - higher demand should lead to higher wages. The dynamic behavior, the price changes. And we don't have that, even if you can show some increase, it's nowhere near the changes in demand. In many sectors. The argument was, if there really is a shortage, since we have a market, we should see or have already seen significant increases in compensation to signal the truth of such claims. We have not, not even close, for many years. The only kind of jobs where compensation increased far far above inflation was - the very top levels of management. Citing a statement from https://www.businessinsider.de/wirtschaft/manager-gehaelter-steigen-waehrend-untere-mittelschicht-weniger-verdient-a/ https://www.businessinsider.de/wirtschaft/manager-gehaelter-... > Führungskräfte haben ihren Gehaltsvorsprung laut eine Analyse der KfW zwischen 2010 und 2020 weiter ausgebaut. Ihr Gehalt stieg in zehn Jahren um fast 27 Prozent – auf fast doppelt so viel wie der Gesamtdurchschnitt aller Leistungsgruppen. Translation of the main point: Managers compensation between 2010 and 2020 increased about twice as much as the average of all groups.