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THIS Is The Future Of Work In America (If you want a job, here's where you should be)
Business Insider ^ | 12/05/2011 | Joe Weisenthal

Posted on 12/05/2011 10:06:18 AM PST by SeekAndFind

There's a lot of debate about the future of labor in America: Will manufacturing ever come back? Will automation be a job destroyer? Will we all be freelancers working from home, shifting from gig to gig every 6 months?

It's all interesting to think about, but if you want to place one solid bet on the future of jobs in America, this chart would be a pretty simple place to start.

Regardless of where the economic cycle is, health care jobs just keep going up in a straight line.

healthcare

Image: https://research.stlouisfed.org/fred2/graph/?id=CES6562000101

The chart is even more impressive when you look at healthcare employment as a percentage of the civilian labor force.

chart

Image: FRED

The fact of the matter is that with society aging, the number of people needing healthcare services (and thus healthcare workers) seems like one, rock-solid secular trend that has almost no chance of not continuing.

Every time the latest jobs data comes out, we pore through a lot of information, and we can say with certainty that there's no other category that looks like this. Every other sector is affected by cyclical trends in some way.

What's more, if the country is ever going to get a handle on surging healthcare costs, the answer will almost invariably require MORE healthcare workers (doctors, nurses, walk-in clinicians), since expanding the supply is how you get the price of anything down.

If you want a job, this seems like your bet.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Health/Medicine; Society
KEYWORDS: healthcare; healthcarebubble; healthcareindustry; healthcarejobs; healthcaresubsidy; jobs; medicaid; medicare; socialismatwork; unemployment; work

1 posted on 12/05/2011 10:06:22 AM PST by SeekAndFind
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To: SeekAndFind

It may be worth pondering that it is a bubble about to pop. I’m not saying it is, but it’s worth some research and meditation.


2 posted on 12/05/2011 10:08:38 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: SeekAndFind

I have friends and relatives in health care, crappy work if you’re not a doctor. Long hours, short pay, and lots of putting up with prima donna doctors. And that doesn’t even get into the stress of knowing that one screw up could kill somebody.


3 posted on 12/05/2011 10:09:46 AM PST by discostu (How Will I Laugh Tomorrow When I Can't Even Smile Today)
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To: SeekAndFind

Obamacare is wrecking this curve.

The healthcare workers they are looking for now are not the high end ones (MD’s, BSN’s, MSN’s, ect), they are primarily CNA’s and RN’s.


4 posted on 12/05/2011 10:12:13 AM PST by Thunder90 (Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
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To: discostu

I forgot the incredible lack of promotions. Whatever job title you get is probably the one you’ll have on retirement day. There’s not much of a pyramidal power structure, and everybody is a lifer. The person above you might retire or die once a decade or so, then you’re competing with the other 30 people.


5 posted on 12/05/2011 10:13:00 AM PST by discostu (How Will I Laugh Tomorrow When I Can't Even Smile Today)
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To: cuban leaf

“It may be worth pondering that it is a bubble about to pop. I’m not saying it is, but it’s worth some research and meditation.”

I will: “Healthcare is a bubble that is about to pop.”

First off, having an education in medicine is probably worthwhile in any situation, so I won’t knock that. However, the idea that medicine will continue the way it has is insane.

We no longer have health insurance, today what we have is a health subsidy. Whatever you subsidize, you get more of. As the government doles out (at the expense of taxpayers, the Chinese, and inflation), all the freebies, like medicare, medicaid, etc. Peopl go to the hospital for things as simple as a headache. Well, Socialism ALWAYS collapses. Soon, the socialism bubble in the U.S. will collapse too, and people are going to have to take care of themselves more and more, and when that happens, the healthcare bubble will collapse. also.

Like I said, an education in medicine is good, but don’t except it to be a job forever. Educators also used to be a guaranteed job, but those jobs are drying up as well.


6 posted on 12/05/2011 10:14:49 AM PST by JDW11235 (I think I got it now!)
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To: SeekAndFind

It’s simply not possible to build a vibrant, sustainable economy on “health care” and government jobs.


7 posted on 12/05/2011 10:16:32 AM PST by Nervous Tick (Trust in God, but row away from the rocks!)
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To: discostu

Agreed. I have a sister who has an RN, and been in the field for almost 20 years now. She became the head nurse over pediatrics at a major hospital back in the 90’s. Well, the rest of the nurses went on strike for a pay raise, and under the new deal, to get the extra money (in my sister’s case, it would have been about 100K, rather than 80k), she’d have to give up her seniority. She took the 20k “Paycut” (actually just stayed the same, and wouldn’t get raises like the rest), because she’d start back at the bottom again, and she didn’t want to start the competition all over again.


8 posted on 12/05/2011 10:18:23 AM PST by JDW11235 (I think I got it now!)
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To: Nervous Tick

It’s simply not possible to build a vibrant, sustainable economy on “health care” and government jobs.

Nope, the only vibrant economy is one that produced SOMETHING (obviously that someone else who produces something is willing to trade for). A service economy is a dying economy, plain and simple.


9 posted on 12/05/2011 10:20:36 AM PST by JDW11235 (I think I got it now!)
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To: Nervous Tick
"It’s simply not possible to build a vibrant, sustainable economy on “health care” and government jobs."

...Or restaurants/retail. All of the above used to exist due to a strong production side of the economy.

10 posted on 12/05/2011 10:20:49 AM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: discostu

Not to mention that in a hospital setting, nurses tend to treat newbies like $HIT!


11 posted on 12/05/2011 10:21:41 AM PST by a real Sheila (golden retrievers rule!)
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To: KoRn

Absolutely! Prosperity is acheived through industry. There’s only so many times you can skim something off the top before you’re at the bottom of the barrel. Whatever is in the barrel must always be replenished. Funny money doesn’t cut it.


12 posted on 12/05/2011 10:25:53 AM PST by JDW11235 (I think I got it now!)
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To: JDW11235

US

HIGHEST health care cost in the WORLD.

#28 in life expectancy.

Doesn’t sound like it is worth the money to me.

No market forces applied to it, they need to be.


13 posted on 12/05/2011 10:27:30 AM PST by Sequoyah101 (Half the people are below average.)
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To: JDW11235

—Educators also used to be a guaranteed job, but those jobs are drying up as well.—

And there is much talk about an education bubble about to pop.

Frankly, I think 2012 will sound like a popcorn popper.


14 posted on 12/05/2011 10:38:21 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: JDW11235

Sheesh, I made more than that as a COBOL programmer.


15 posted on 12/05/2011 10:42:51 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: JDW11235

Sheesh, I made more than that as a COBOL programmer.

Ten months of school.


16 posted on 12/05/2011 10:43:07 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: SeekAndFind

I disagree about the future of health care. Just south of the border, there are very large numbers of competent and English speaking health care workers willing to provide care *for the most expensive* types of US health care needs, and at much less cost.

Likewise, the Mexican legal environment is much better suited for inexpensive provision, thus giving doctors and surgeons strong incentive to practice there, even on a commuter basis. That is, insurance costs are minimal, and malpractice is not based on reward, but punishment of an incompetent doctor.

What will likely happen is that large, high security, medical enclaves will be built just south of the border. Only authorized people from the north or south will be allowed to enter, so it might act as a sort of “duty free” zone. Mexico already has a small prototype of this, with its “Zona Rosa” of pharmacies in Tijuana. But this would be far grander in scale and scope.

The big emphasis areas will be surgery and extended care with hyper-expensive (in the US) drugs, plus long term nursing care in American designed quality housing, with a much better patient to caregiver ratio.

It also needs other housing areas for visitors and support personnel. By mutual agreement, access to and from the north entrance only will be streamlined for authorized Americans, and the same with authorized Mexicans at the south entrance only.


17 posted on 12/05/2011 10:45:17 AM PST by yefragetuwrabrumuy
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To: discostu

Keep in mind that liberals want to unionize all health care workers. So, even if there might not be room for promotions, it would work like teachers where they get increases in salary based on seniority.


18 posted on 12/05/2011 10:45:41 AM PST by ConjunctionJunction
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To: cuban leaf

Agreed. I have several friends who just graduated ( a few years ago), with degrees in education. One was able to find a job after nearly two years, the other, still has not been able to find a job in education (he does work, just in labor). Education in this area/county has seen the lay-off of several teachers this last year, but no administrators. Since all personal income taxes in this state are used to fund education, I sense a tax rise soon. The worst part about it, is that those who cost taxpayers most through subsidizing their children, also pay the least in taxes that benefit their children. I’m all for helping others, but not by the redistribution by government.

“Frankly, I think 2012 will sound like a popcorn popper.”

I agree, but it may take a while, on into 2013 and 2014 (if we have that long).


19 posted on 12/05/2011 10:45:41 AM PST by JDW11235 (I think I got it now!)
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To: cuban leaf

On the Galactica? LOL, sorry I don’t know what a COBOL programmer is, or does. But education length doesn’t always correlate with pay anyway, but the demand of what your getting an education in.


20 posted on 12/05/2011 10:48:33 AM PST by JDW11235 (I think I got it now!)
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To: JDW11235

—I agree, but it may take a while, on into 2013 and 2014 (if we have that long).—

I honestly don’t think Europe has that long.


21 posted on 12/05/2011 10:50:41 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks SeekAndFind. The health care jobs bubble will inflate (in more ways than one) until the last of the Baby Boom is pushin’ up daisies. In 2011, the 1946 births hit 65. It’s a math thing. :’)


22 posted on 12/05/2011 10:52:24 AM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: cuban leaf

I agree, I just think that barring black swans, TPTB can keep the scam going a while longer.


23 posted on 12/05/2011 10:54:41 AM PST by JDW11235 (I think I got it now!)
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To: SeekAndFind

Then there’s this from Sacramento:

http://www.sacbee.com/2011/12/04/4097980/new-california-nursing-graduates.html

Nurses are having a tough time getting hired.


24 posted on 12/05/2011 11:00:25 AM PST by cicero2k
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To: JDW11235

I think the OWS was a small example of them losing ground on keeping the masses ignorant. I also think this is coming apart exponentially. Just as this year was worse than last year, I expect next year to be MUCH worse than this year.

And, frankly, I think the fallout from the presidential race could be a major catalyst.


25 posted on 12/05/2011 11:04:08 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: Sequoyah101

Odd isn’t it


26 posted on 12/05/2011 11:13:37 AM PST by mel (There are only 2 races decent and undecent people)
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To: JDW11235

What we need is 11 million Mexicans going out and buying NEW AMERICAN TRUCKS. Not Toyota trucks from Texas (Texans seem to snap those up) but Detroit Metal.

If we can’t get them to pay their actual social expenses, or income taxes, we need them renting big empty baby-boomer houses, new washers and dryers, and keep them spending their cash on lotto tickets but somehow convert them to American beer.


27 posted on 12/05/2011 11:15:39 AM PST by txhurl
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To: SeekAndFind
I think the Ag sector is also a good bet. It's steady.

Everyone has to eat.

28 posted on 12/05/2011 11:33:05 AM PST by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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To: ConjunctionJunction

For all intents and purposes that’s how it works for most of them anyway. Maybe a little bit of merit but mostly the raises are just COLA. When you have a stratified power structure with extremely low turnover there’s not much room for true merit raises, true merit raises would result in nurses that have been with you a long time making “supervisor” money even though they have the same title and responsibilities as inbound rookies. A step and ladder system, as annoying as they are, might actually help because it would put levels between rookie and floor supervisor. Having a level system helps break up the work force into income strata, not really sure how health care has resisted that for so long, I know it makes it cheaper for the business but you’d figure there’d have been an employee revolt or two already.


29 posted on 12/05/2011 11:44:21 AM PST by discostu (How Will I Laugh Tomorrow When I Can't Even Smile Today)
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To: a real Sheila

Not just in hospitals. You can find that $HIT in many (maybe most) nursing formats. Well worthwhile to pick up some books on bullies in the workplace and learn how to deal with it.


30 posted on 12/05/2011 11:47:48 AM PST by STYRO (Take this government and shove it.)
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To: SeekAndFind

You can believe this chart if you like. Personally, I think it is another crock of BS from the FedGov. Good way to get lots of people in college, but go to any hospital and ask how many applications they have per open position. The answer will be in the hundreds.


31 posted on 12/05/2011 11:53:57 AM PST by STYRO (Take this government and shove it.)
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To: SeekAndFind

automation is the only way to bring back american jobs.

we need more robots doing factory and production so it is too expensive to move work outside the usa.


32 posted on 12/05/2011 1:00:41 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: SeekAndFind

we no longer have health care.

we have rationing care until you have a DUTY to die care.

only the crony capitalists will have unlimited subsidized healthcare.


33 posted on 12/05/2011 1:04:41 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: cicero2k

I was just watching some vids on YT about that. Seems outrageous that new grads are screwed. Didn’t they work their asses off four years? Don’t RN majors have to take Organic Chem (the hardest course in college)?

Hospitals don’t want to train new grads. Talk about cheating their fellow Americans.


34 posted on 12/05/2011 8:31:40 PM PST by Soothesayer9
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To: SeekAndFind

ping


35 posted on 12/08/2011 9:37:48 PM PST by Democrat_media (China is destroying all our jobs and manufacturing ability. China makes everything.)
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To: cuban leaf

You have mail, sir
:)


36 posted on 12/18/2011 9:55:45 AM PST by spankalib (The Marx-in-the-Parks crowd is a basement skunkworks operation of the AFL-CIO)
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