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

[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.

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.

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.

[cuban leaf]

—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.

[SunkenCiv]

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. :’)

[JDW11235]

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

[cicero2k]

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.

[cuban leaf]

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.

[mel]

Odd isn’t it

[txhurl]

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.

[Just another Joe]

I think the Ag sector is also a good bet. It's steady.

Everyone has to eat.

[discostu]

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.

[STYRO]

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.

[STYRO]

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.

[longtermmemmory]

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.

[longtermmemmory]

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.

[Soothesayer9]

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.

[Democrat_media]

ping

[spankalib]

You have mail, sir
:)