allnurses | Nursing Community for Nurses & Students - page 113
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  • 28

    OP, I saw your thread about the increase in the minimum wage, also. You suggest that both of these things are just about to happen, and you're all worked up about how are going to negatively going to affect you. Putting aside for the moment how jealous and self-centered you sound in both posts, I think it's highly unlikely either thing is going to happen anytime soon (unfortunately, IMO). Maybe you should just take a deep breath and worry about actual, real-life concerns.

    Nursing has been doing a fine job in the current economic and educational climate of turning out droves of minimally prepared graduates and running down nursing wages and benefits for quite a while now, without needing any assistance from anyone else. We shot ourselves in the foot, collectively, a long time ago.

    Even if we went to some sort of civilized system of public higher education, that wouldn't mean huge numbers of people would get accepted into nursing programs. Plenty of people who are willing to pay can't get into nursing programs now. Nursing isn't like English 101; you can't just open up a few more sections and suddenly accommodate twice as many students.

  • 25

    That every woman's labor starts with SROM and they are immediately and precipitously in labor.

  • 25

    Does everyone have their flounce BINGO cards ready?

  • 24

    Quote from FutureDNP2021
    God help us all ...

    I would like to hear other nurses input and opinion on the matter, if nothing else but to help me from catastrophizing this ~ Thank You
    Too late.

  • 22

    It irritates me that nobody ever puts the siderails up on the daggone bed.

  • 21

    Large Minimum Wage (MW) increases tends to:

    1. Offer some short term gains for MW workers offset by higher unemployment
    2. Have little to no effect on the upper 1%
    3. Screw everyone else in the long term through inflation



    Allow me to explain:

    1. Some MW workers will gain greatly from an increase in MW for obvious reasons, but it isn't so simple because some will lose their jobs due to automation (a machine that was too expensive vs $8/hr labor might be quite affordable vs $15/hr labor) or use of the labor black market (people working off the books). Others MW workers who are on many social programs with income caps will actually cut their labor hours so as not to lose those handouts. It is a hard and fast rule that increased MW = increased unemployment. Eventually the resulting inflation erases the standard of living gains from increasing MW (and unemployment falls).

    2. Those at the top adjust where needed and feel little impact.

    WHAT ABOUT RNS? HERE IS THE ANSWER:

    3. Short answer: For everyone else, including RNs, your standard of living falls relatively quickly and recovers very slowly if ever.

    Long answer: INFLATION is the reason. The basic necessities rise in price when the amount of minimum amount of labor most anyone needs to purchase them seems to fall, but there are fixed amount of those goods, prices rise. Or prices simply rise because the guy making a sandwich had their salary doubled. Well the price of your sandwich went up. Simple economics 101. So now you have rising dollar costs for basic goods and services that trickles to all other goods and services.

    But did the RN's wages go up?

    Can a RN can go to management and say "we need our wages increased 100% too!"? NO! You will get laughed at. They won't have to do that. They don't need to. There may be some small increases down the road as standard of living falls drastically enough for their to be major pressure, but it won't be enough to catch up with inflation.

    Eventually, you run into labor pool problems where people go "wait, why should I spend huge $$$ and 4 years of my time on a BSN so I can start as a new nurse at $23/hr when I can keep working for $15/hr at a low responsibility job without college debt?" Then you see labor shortages and wages rise (or standards fall). But that correction is a nice thing for economists to think about, and a crappy experience if you are in that labor pool! And if there is another MW hike, it delays that recovery!

    Lastly, it is worth noting that large MW hikes are hardest on the lower middle class and middle class in small cities, suburban and rural areas. The big big cities have market driven effective MW well above the current legal MW already.

    Massive minimum wage hikes are a feel-good populist measure pushed mostly by those who are ignorant of economics... and the few that do know the above but do not care because of a sociopolitical agenda. Massive MW hikes are BAD economic policy.


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