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That seems like a terrible way to estimate nurse wages. People have spouses. People’s parents pay credit cards. People with bad credit sometimes don’t care.

by refurb 2y ago

That seems like a terrible way to estimate nurse wages. People have spouses. People’s parents pay credit cards. People with bad credit sometimes don’t care. People have family money. People with low debt can be desperate for work. Does it even work?

DavidPeiffer 2y ago
At scale, the corner cases don't really matter. In aggregate, if it's decently well correlated and readily available, it's probably going to be used. I can't find it now, but I believe LexisNexis or another large similar reporting/data agency had a product catalog of dozens of products that spit out values for ability to pay, disposable income monthly, annual income, etc. It makes you feel awful thinking about the direction things are headed. Corporations approaching omniscient regarding all facts of our lives that are reasonably of value to them.
- refurb 2y ago
  But I’d argue they aren’t corner cases. Most people I know with bad credit aren’t desperate for money. At least not educated, highly paid ones like nurses. Most just ignore their financial problems in the hope they go away. Not to mention nurse demand outstrips supply, so they have options and can certainly turn down bad offers.
- codedokode 2y ago
  > Corporations approaching omniscient regarding all facts of our lives People happily give away lot of info voluntarily, for example by paying with a card instead of cash.
crazygringo 2y ago
Agreed. And it's not just those -- if you need to pay off debt, you're extra-incentivized to take the highest-paying job, as opposed to one that pays less but is e.g. closer to home, or has a more predictable schedule, or whatever. The idea that you'd offer less seems... counterproductive to say the least.
- lotsofpulp 2y ago
  It might not be about high pay, it might be about increasing the odds of a nurse dropped into a dysfunctional environment staying there and not bouncing on day 2 or week 2.

by refurb 2y ago

DavidPeiffer 2y ago

At scale, the corner cases don't really matter. In aggregate, if it's decently well correlated and readily available, it's probably going to be used. I can't find it now, but I believe LexisNexis or another large similar reporting/data agency had a product catalog of dozens of products that spit out values for ability to pay, disposable income monthly, annual income, etc. It makes you feel awful thinking about the direction things are headed. Corporations approaching omniscient regarding all facts of our lives that are reasonably of value to them.

refurb 2y ago
But I’d argue they aren’t corner cases. Most people I know with bad credit aren’t desperate for money. At least not educated, highly paid ones like nurses. Most just ignore their financial problems in the hope they go away. Not to mention nurse demand outstrips supply, so they have options and can certainly turn down bad offers.
codedokode 2y ago
> Corporations approaching omniscient regarding all facts of our lives People happily give away lot of info voluntarily, for example by paying with a card instead of cash.

crazygringo 2y ago

Agreed. And it's not just those -- if you need to pay off debt, you're extra-incentivized to take the highest-paying job, as opposed to one that pays less but is e.g. closer to home, or has a more predictable schedule, or whatever. The idea that you'd offer less seems... counterproductive to say the least.

lotsofpulp 2y ago
It might not be about high pay, it might be about increasing the odds of a nurse dropped into a dysfunctional environment staying there and not bouncing on day 2 or week 2.