Do Nurses Earn Big Money? You Decide.

The members of the public who are convinced that registered nurses earn huge salaries are like shrubs on the outside looking in because they do not know how much sweat and tears we shed for our educations, and they are unaware of the hazards many of us face during the course of a day at work. Nurses General Nursing Article

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  1. Do Nurses Earn Big Money?

    • 4743
      No
    • 553
      Yes
    • 344
      Not sure

5,640 members have participated

"You're rolling in the big bucks!"

Am I the only one who becomes at least mildly irritated whenever a random individual finds out that someone is a nurse and proceeds to say, "You're rolling in the big bucks!"

To keep things honest, I'll recall a few observations about the people who generally do (and don't) broadcast their feelings about nursing pay. In my personal experience, no doctor has ever told me to my face that I'm earning 'big money.' No engineers, attorneys, pharmacists, speech language pathologists, or other highly educated professionals have hooted and hollered about the supposedly 'good money' that nurses make once they discover that I am one. On the other hand, bank tellers, call center workers, clerks, and others who work at entry-level types of jobs have loudly made their feelings known about the incomes that nurses earn.

I was employed at two different fast food chains while in high school, and during my late teens, I worked a string of dead end jobs in the retail sector. From ages 20 to 23, I maintained employment at a paper products plant in high cost-of-living southern California as a factory worker and earned an income of about $40,000 yearly with some overtime. Of course I thought that nurses earned handsome salaries during my years in the entry-level workforce. After all, the average RN income of $70,000 annually far exceeded my yearly pay back in those days. Keep in mind that I paid virtually no taxes as a fast food worker because my income was so low. Also, I paid relatively little in the way of taxes as a retail store clerk.

Awash With Cash

Do nurses earn "big money"?Many of the certified nursing assistants (CNAs) with whom I've worked over the years have fallen into the trap of believing that the nurses are awash with cash. However, the ones that pursue higher education and become nurses themselves eventually come to the realization that the money is not all that it is cracked up to be. For example, Carla* is a single mother to three children under the age of 10 and earns $11 hourly as a CNA at a nursing home. Due to her lower income and family size, she qualifies for Section 8 housing, a monthly food stamp allotment, WIC vouchers, Medicaid, and childcare assistance. Moreover, Carla receives a tax refund of $4,000 every year due to the earned income tax credit (EITC), a federal program that provides lower income workers with added revenue through tax refunds. Much of Carla's CNA income is disposable.

Carla returned to school part-time, earned her RN license, and now earns $25 hourly at a home health company in a Midwestern state with a moderate cost of living. She nets approximately $3,000 per month after taxes and family health insurance are deducted as she no longer qualifies for Medicaid. She pays the full rent of $900 monthly for a small, modest 3-bedroom cottage because she no longer qualifies for Section 8. She pays $500 monthly to feed a family of four because she no longer qualifies for food stamps or WIC vouchers. She spends $175 weekly ($700 monthly) on after school childcare for three school-age children because she no longer qualifies for childcare assistance. Carla's other expenses include $200 monthly to keep the gas tank of her used car full, $300 a month for the electric/natural gas bill, a $50 monthly cell phone bill, and $50 per month for car insurance. Her bills add up to $2,700 per month, which leaves her with a whopping $300 left for savings, recreational pursuits and discretionary purposes. By the way, she did not see the nice tax refund of $4,000 this year since she no longer qualifies for EITC. During Carla's days as a CNA most of her income was disposable, but now that she's an RN she lives a paycheck to paycheck existence. I'm sure she wouldn't be too pleased with some schmuck proclaiming that she's earning 'big money.'

The people who are convinced that nurses earn plenty of money are like shrubs on the outside looking in because they do not know how much sweat and tears we shed for our educations. They remain blissfully unaware of the daily struggles of getting through our workdays. All they see are the dollar signs. I'm here to declare that I worked hard to get to where I am today and I deserve to be paid a decent wage for all of the services that I render. Instead of begrudging us, join us.

Further information to help readers decide...

 

Yes the charge nurse offer happened to my wife in less than a year also. Managment understands the difference between the roles. People with managment experience or ability is easily spotted.

There is a reason so many people are going into nursing....it's because they are fairly compesated for what they do.

There is a sucker born every minute. As I stated:

"Your friend graduated about ten months ago, so someone dumped charge on him or her (kind of early for a 10 mo. new grad). Good chance this is a fluke, or not altogether straightforward, or no one wanted to deal with charge. (The main reason for the latter, should any newbie want to know, is extreme issues of liability.)

Also how you mgt a store or production of widgets is not how you manage patient care on a floor. LOL....wow... like every minute one is born.

Fair compensation is a relative term. You are not looking at the bigger picture, but wow, big surprise there!

We are looking at the normal distribution curve related to efforts of excellence over a significant span of time, whereby, many a nurse has moved into expert practitioner.

This as per commuter:

Then again, when I earned minimum wage as a young person in fast food and retail many moons ago, I personally thought nursing was the occupation of dollar signs.

It's all relative.

Back to what's normative and relevant. . .

Specializes in CVICU.
There is a sucker born every minute. As I stated:

"Your friend graduated about ten months ago, so someone dumped charge on him or her (kind of early for a 10 mo. new grad). Good chance this is a fluke, or not altogether straightforward, or no one wanted to deal with charge. (The main reason for the latter, should any newbie want to know, is extreme issues of liability.)

Also how you mgt a store or production of widgets is not how you manage patient care on a floor. LOL....wow... like every minute one is born.

Fair compensation is a relative term. You are not looking at the bigger picture, but wow, big surprise there!

We are looking at the normal distribution curve related to efforts of excellence over a significant span of time, whereby, many a nurse has moved into expert practitioner.

This as per commuter:

It's all relative.

Back to what's normative and relevant. . .

Please do do quote me or refer to me in your posts.
Specializes in Med/surg, Quality & Risk.
Yes the charge nurse offer happened to my wife in less than a year also. I know a couple of people thats happened to within 2 years. Managment understands the difference between the roles. People with managment experience or ability is easily spotted.

Awww, your wife is just a sucker, according to your little friend here. I guess I am too. I realize one reason why no one with more experience than me wants to be charge. It's probably one of the same reasons why they're still working a med-surg floor after 10-15 years.

There is a reason so many people are going into nursing....it's because they are fairly compesated for what they do. It is so easy to get a two year degree, and then take a few BS leadership/ theory classes in about a year to get your BSN while working. For the amount of money offered, it is a top career fro the money.

In my opinion it was quite the value for the money!

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.
Yes the charge nurse offer happened to my wife in less than a year also. I know a couple of people thats happened to within 2 years. Managment understands the difference between the roles. People with managment experience or ability is easily spotted.

*** I remember as a fairly new grad of the hospital's nurse residency program I went through the charge nurse training class and was made night charge. At the time I thought my selection to charge was a compliment. I learned different and now realize I was being taken advantage of.

There is a reason so many people are going into nursing....it's because they are fairly compesated for what they do.

*** Well there is also the false and self serving "nursing shortage" propaganda that has been the mantra in main stream media for a couple decades. This false propganda has attracted many people to nursing who otherwise would not have been attracted to it (of course exactly the goal of the false propaganda)

It is so easy to get a two year degree, and then take a few BS leadership/ theory classes in about a year to get your BSN while working. For the amount of money offered, it is a top career fro the money.

*** Compairing the education required to gain entrance to the field to the compensation is the wrong way to look at it. More accurate to compair level of responsibiliety to compensation. Seen that way our compensation is inadiquate.

:headphone:

I am sure there must be an ignore feature on which a person can click here. Use it.

Again, back to normative and relevant. . . .

Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
I find your comments too funny ! My friend just graduated in Feb. 2012 and became a charge nurse in July making $55 an hour plus overtime. You can also be a travel nurse.

$55 hourly is common in high cost of living areas (parts of California, NYC, NJ, etc.), but most nurses in this country never have (and never will) earn $55 per hour. One of my coworkers has nearly 50 years of experience and barely earns $35 hourly. One of the charge nurses has been an RN for 40 years and barely earns $39 per hour.

My other friend in home health made $130K last year.
Again, this is an outlier. The average nurse in the US is not going to ever earn $130k in a year unless he/she has two full time jobs or works loads of overtime. Nurses in parts of California, New York, and NJ might earn this kind of money, but it is unlikely anywhere else.

I do not and will not let anyone belittle me or scream in my face or I call security...case closed. That is not why I am there. I am reading about how a woman slammed a nurse into a wall. HELLO ! That's called assult.
Not all healthcare facilities employ security staff.

It just seems that nurses are always going out of their way to justify there position. You are there for the patient not the other way around. You can always transfer into another dept. if you aren't happy. A lot of jobs don't have that option and do not have sick days or holiday pay and deal with a lot of the same issues of people being irate over something. You just have to be smarter and laugh it off.
Not all jobs have the option of interdepartmental transfers. Not all healthcare facilities offer sick days, holiday pay, or paid time off.
Awww, your wife is just a sucker, according to your little friend here. I guess I am too. I realize one reason why no one with more experience than me wants to be charge. It's probably one of the same reasons why they're still working a med-surg floor after 10-15 years.

In my opinion it was quite the value for the money!

I know the areas in which I worked, guess what--tons of liability in taking on a role that, in the units--they can become quite stressful. Fellows and attendings are there so, often. They want things to roll a certain way. The very smart units would not let relatively new new take charge on a regular basis. Sometimes they want them to get the feel for things, but there is back up; it's more like a trial run, so it's kind of a joke. Certainly doesn't happen in the units at pediatric centers. It didn't happen in most of the adult heart and other SICU's I've worked either. I've seen the stress get so crazy, it put people in their pregnancies at risk. Sure, when everything is cool, a lot of it is simply "housekeeping" in nature. But when the $%^& hits the fan, it can become quite a mess, and sometimes it puts the nurse's license at risk. But also, you have to remember that different centers function in different ways. What happens typically at a high level, inner city, academic hospital will be totally different from many community hospital settings or mid-level settings. And some inner city hospitals are in the midst of seriously crazy ghettos, and you need combat pay to go into work. One thing is certain. You learn a lot working in such places.

At any rate, I have worked adult, pediatric, and neonatal critical care--medicine and critical surgery for the bulk of my many years in nursing. But some people like their med-surgs floors, and if it still suits them after 10-15 years, I say good for them.

Once more: The inital salary is comparatively good; but nurses, even most excellent ones, are not gradated up appropriately over time. Some exceptions, as previously noted--some of the VA hospitals--because it's government and they have a boarding system, some hospitals with strong unions--but even some of the unions can only work so much good.

It's how nursing is evaluated in the sense of added value that has long been the problem.

*** I remember as a fairly new grad of the hospital's nurse residency program I went through the charge nurse training class and was made night charge. At the time I thought my selection to charge was a compliment. I learned different and now realize I was being taken advantage of.

*** Well there is also the false and self serving "nursing shortage" propaganda that has been the mantra in main stream media for a couple decades. This false propganda has attracted many people to nursing who otherwise would not have been attracted to it (of course exactly the goal of the false propaganda)

*** Compairing the education required to gain entrance to the field to the compensation is the wrong way to look at it. More accurate to compair level of responsibiliety to compensation. Seen that way our compensation is inadiquate.

I agree with this, and I had a great reply, but for some reason, every time I go on to this site with Firefox browser, there are problems. I may post it tomorrow.

Just wanted to say, that you really did hit the nail on the head with this post.

Specializes in CVICU.
*** I remember as a fairly new grad of the hospital's nurse residency program I went through the charge nurse training class and was made night charge. At the time I thought my selection to charge was a compliment. I learned different and now realize I was being taken advantage of.

*** Well there is also the false and self serving "nursing shortage" propaganda that has been the mantra in main stream media for a couple decades. This false propganda has attracted many people to nursing who otherwise would not have been attracted to it (of course exactly the goal of the false propaganda)

*** Compairing the education required to gain entrance to the field to the compensation is the wrong way to look at it. More accurate to compair level of responsibiliety to compensation. Seen that way our compensation is inadiquate.

Huh, I guess being on the night shift as charge would have been much easier...never thought of that..no doctors, no random vistors, and a few other benifits.

I do agree about the nursing shortage, there really isn't one where I live. People are struggling to find jobs. And hospitals are opting to hire new Grads over exp nurses that continously jump around to new organizations. The college and universties are pushing their own agenda in more ways than just calling a "nursing shortage"

Good point about education. But I still feel the same way. I honestly agree if the world was a better place, it would be great to get paid more. But that's not going to happen and mostly likely is going to get worst for the regular floor nurse. Now if our country's trend of not taking care of themselves and producing tons of more people in the health care system stopped, maybe things could change, but that's not going to happen. As the decline increases, health care administration is going to push for more with less. So the best thing for any nurse that has decades of experience is to realize this, and push foward on to bigger and better things. Everyone has the same opportunities, it's really whether or not you personally chose to decide if it is worth it to yourself. Complaining is like beating a dead horse.

And stiffening the requirements for entry level is not going to happen...that's a Nursing institution push. Administration could care less as long as the job gets done meeting requirements....and ASN's are doing that.

Simply put... money makes the world go round. Just as much as people want more money in their pocket....corporations want to keep as much as they can in theirs. And with the Nursing shortage not really there, as you pointed out, there is someone in line waiting to take your spot for less money. Like it or hate it...it doesn't matter.

So yes...right now nurses are fairly compensated.

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.
Huh, I guess being on the night shift as charge would have been much easier...never thought of that..no doctors, no random vistors, and a few other benifits.

*** I don't know how many night shifts you have worked in a large SICU with a very active open heart program at a level 1 trama center but you are mistaken. Nights have nearly as much going on as days with a lot less staff and support to deal with it. Night charge was much harder hence it was dreaded and why I was doing it. the day charge has the advantage of having the NM around to deal with a lot of things. On nights the charge is it, at least at that hospital. Lot's of doctors and lots of highly stressed emergency open heart patient's and trauma patien's families in at all hours.

Despite having owned my own business and managing employees and despite being an experienced paramedic, I was a new ICU nurse and I wasn't ready to be charge in that kind of unit. I just didn't know it at the time. I shudder to think of the risks I took.

Specializes in CVICU.
*** I don't know how many night shifts you have worked in a large SICU with a very active open heart program at a level 1 trama center but you are mistaken. Nights have nearly as much going on as days with a lot less staff and support to deal with it. Night charge was much harder hence it was dreaded and why I was doing it. the day charge has the advantage of having the NM around to deal with a lot of things. On nights the charge is it, at least at that hospital. Lot's of doctors and lots of highly stressed emergency open heart patient's and trauma patien's families in at all hours.

Despite having owned my own business and managing employees and despite being an experienced paramedic, I was a new ICU nurse and I wasn't ready to be charge in that kind of unit. I just didn't know it at the time. I shudder to think of the risks I took.

Maybe that is the difference between a lot of our thoughts. I can respect if you where in a level 1 trama center. That's the same reason many nurses I know avoid the one we have here. So you actually are a rare case. I fully respect your instance as being a set up.

The level one here goes through nurses like crazy. Most can't handle the stress of it, and couldn't imagine what it would be like to be thrown in to that.

All majors traumas go straight to that one hospital, and we have approx. 9 hospitals in town.

I was actually offered a shot at the med flight nurse once I got a year in, along with my paremedic's liscense. But don't forsee taking that route. (yes, I knew the helicopter pilot)

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.
I do agree about the nursing shortage, there really isn't one where I live. People are struggling to find jobs.

*** There hasn't been more than very local, very temporary nursing shortages in the 18 years I have been in nursing. There have been times when many, many more jobs were available but that isn't the same as a shortage of trained nurses. Rather an indication of how many nurses were willing to work for the pay and working conditions being offered at a time when there were many other competing oppertunities for nurses.

The college and universties are pushing their own agenda in more ways than just calling a "nursing shortage"

*** Colleges and universities aren't even the main propagandists.

Good point about education. But I still feel the same way. I honestly agree if the world was a better place, it would be great to get paid more. But that's not going to happen and mostly likely is going to get worst for the regular floor nurse.

*** Well I agree but it's kinda pointing out the obvious.

Complaining is like beating a dead horse.

*** Blowing off steam in a group of peers who understand the situation is healthy.

Simply put... money makes the world go round. Just as much as people want more money in their pocket....corporations want to keep as much as they can in theirs. And with the Nursing shortage not really there, as you pointed out, there is someone in line waiting to take your spot for less money. Like it or hate it...it doesn't matter

*** Sure but once again kinda pointing out the obvious.

So yes...right now nurses are fairly compensated.

*** That nurses wages are unlikely to increase in the forseable future is a fact. That we are fairly compensated is only your opinion.