Monday, April 13, 2009

Is nothing sacred?

According to an article in the Wall Street Journal, one in eight (twelve and a half percent of ) U.S. workers now work in health care. It says that 50 years ago this figure was 1 one percent (one out of a hundred workers).

This could just be one of those changes that take place in a dynamic economy (with the percentage of income spent on food and the numbers of people working in agriculture falling dramatically during the last century, for example). But the above average pay for health care workers becomes more and more of a problem as they become a higher percentage of all workers. Unlike in Lake Woebegon, it is impossible for everyone to have above average pay.

It is no wonder, then, that even health care workers are no longer immune from employment cutbacks.

Recession Now Hits Jobs in Health Care

No comments:

Post a Comment

Comments are e-mailed to me. I will post excerpts from those I think will most interest readers.