Not just the staff either, providers are making significantly less every year.
I work in orthopedics and rehabilitation, and even though the cost of school, licensing, and insurance has skyrocketed. My field is basically being paid the same amount they were 30 years ago, and that’s not even accounting for inflation.
In some ways it’s nice, as medicine doesn’t attract people who are just in it for the money any longer. But, hospital organizations now know that providers are basically locked in a sunk cost fallacy to pay back their loans, and on top of that they have a calling for it.
That is the main reason my wife and I are moving to a different state. As a nurse, she has seen her income decrease with her 1.5% raise with inflation going up 3-5% year over year.
Hope she cashed in during COVID. Our hospital administration was trying to get everyone to turn on all the nurses making bank during lock down, but pretty much every provider I know was just happy there were people hitting the administration where it hurts.
But, hospital organizations now know that providers are basically locked in a sunk cost fallacy to pay back their loans, and on top of that they have a calling for it.
Not just the staff either, providers are making significantly less every year.
I work in orthopedics and rehabilitation, and even though the cost of school, licensing, and insurance has skyrocketed. My field is basically being paid the same amount they were 30 years ago, and that’s not even accounting for inflation.
In some ways it’s nice, as medicine doesn’t attract people who are just in it for the money any longer. But, hospital organizations now know that providers are basically locked in a sunk cost fallacy to pay back their loans, and on top of that they have a calling for it.
That is the main reason my wife and I are moving to a different state. As a nurse, she has seen her income decrease with her 1.5% raise with inflation going up 3-5% year over year.
Hope she cashed in during COVID. Our hospital administration was trying to get everyone to turn on all the nurses making bank during lock down, but pretty much every provider I know was just happy there were people hitting the administration where it hurts.
Sounds like slavery with extra steps.
Fewer steps actually, as the slaves aren’t being provided with housing and food.
Aka a residency