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

Updated:  

  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...

 

Specializes in CVICU.
all i am saying is a nurse with 30years of experience doesn't make much more than a new grad . well they should both be able to do the same job same knowledge (haha)so get paid the same. in floor nursing you wont get paid for being the best or excelling (maybe a ten cent raise more than the people you pick up messes from) but in some professions you can move up in pay alot more based on experience even though you are doing the same job. i am not saying my opinion,just what is.

I understand...just a general statement. You said $6 an hour...that equals roughly $12K a year more, so that is not terrible, for being a floor nurse getting paid an extra 12K a year for experience with no more requirements demands of you than the New Grad.

Specializes in CVICU.
Just so you know the private equity frim that owns Hostess Brands doled out bonus and wage increases worth millions to executives all the time crying poor mouth to the unions. Indeed the same are in bankruptcy court seeking permission to dole out more to "critical" management as the company is raped and sold off to make a "profit", much of which will go to payoff the PE company/investors.

If times are so bad for a company then that pain should start at and be shared starting at the top.

Sorry I completely disagree with your last sentence, and I knew about the bonuses.

They are out of jobs yes/no? If the workers were not replacable they would still have a job.

This type thinking will continue to destroy our country. Every has the right to TRY and have a better life. I will never worker harder, and risk more to let someone else reap the benifits.

Facts are facts

1. - Point taken, content edited.

2. & 3. Point one was trying to make is that historically nurses have not been largely compensated for their years of hard work, dedication and so forth; but then again that is par for the course in the "pink ghetto" of mainly female occupations/professions. Over stated or no, a large reason for this would be the often high turn over and the availablity of (cheap) female labour.

When you have high turnover it is very hard to make a stand as a profession. Couple this with the then and still often prevailing attitude that "nice girls" don't make trouble and you have a situation where nothing really changes.

As for my "pick up and drop" comment being possibly overstated, oh I don't know about that. During the recent financial crisis the supposed nursing shortage vanished as scores if not hundreds of experienced nurses returned to the bedside and or delayed leaving it. In some households were it not for the nurses going back to work their families would have been on the streets.

I'd have to to the statistical research on your latter point.

But I do find the "pink ghetto" concept, well, amusing.

Point well taken with re: to the turnover factor and trying to evolve as a profession.

But again, I still there overstatement is involved--hundreds of nurses in USA is a drop in the bucket. A large portion of it is fiscal factors--the hiring freezes and such. It's survival economics pure and simple coupled with the fact that more and more of patient services have been moved outside the hospital setting.

At any rate, I don't remember mama using the term "pink ghetto." LOL Maybe she should have.

I understand...just a general statement. You said $6 an hour...that equals roughly $12K a year more, so that is not terrible, for being a floor nurse getting paid an extra 12K a year for experience with no more requirements demands of you than the New Grad.

NO. I don't think that is what is being said or done. Nurses aren't making 12K more per year. Eg., luck to get 2% per year, which doesn't keep up with costs; but at any rate, 2% of say $60,000 = $1200 per year. You think that will cover taxes, commuting costs, and parking. . . LOL?

I'd have to to the statistical research on your latter point.

But I do find the "pink ghetto" concept, well, amusing.

Point well taken with re: to the turnover factor and trying to evolve as a profession.

But again, I still there overstatement is involved--hundreds of nurses in USA is a drop in the bucket. A large portion of it is fiscal factors--the hiring freezes and such. It's survival economics pure and simple coupled with the fact that more and more of patient services have been moved outside the hospital setting.

At any rate, I don't remember mama using the term "pink ghetto." LOL Maybe she should have.

Pink Ghetto: Pink-collar worker - Wikipedia, the free encyclopedia

Term has been around for years,well at least since one was in high school and dragooned into taking typing and stenography classes.

Specializes in CVICU.
NO. I don't think that is what is being said or done. Nurses aren't making 12K more per year. Eg., luck to get 2% per year, which doesn't keep up with costs; but at any rate, 2% of say $60,000 = $1200 per year. You think that will cover taxes, commuting costs, and parking. . . LOL?

I completely understand numbers...she quoted $6 an hour at her workplace. That equals $12k a year.

And I have done payroll taxes many times. I think a better account is in need for some people.

Pink Ghetto: Pink-collar worker - Wikipedia, the free encyclopedia

Term has been around for years,well at least since one was in high school and dragooned into taking typing and stenography classes.

I totally don't doubt you at all. Pink Ghetto. .. well, if I ever heard it, it didn't get stored into my memory banks. :) Seems like a silly term to me; but I look more at employees as either more blue or white collar or those that sit on a red throne with a golden crown, lol.

I completely understand numbers...she quoted $6 an hour at her workplace. That equals $12k a year.rqAnd I have done payroll taxes many times. I think a better account is in need for some people.
$6 is the difference between my pay (2years experience) and the cap pay for floor nurses. meaning no nurse on my flooor or similar units makes more than $6 an hour more. we dont get paid by experience or years working for the company but subjective evaluations and usually a few more cents a year. Nurses in float pool and critical care floats can make more than that.
Specializes in Medical and general practice now LTC.

closing for staff review

Specializes in Medical and general practice now LTC.

Several posts from various members have been removed from view as very much off topic to the thread. This thread is going to stay closed for a bit so members can calm down when this thread re opens we respectfully ask that you keep to the topic of the thread which is Do nurses Earn Big Money? posts that go off topic again will be deleted and action taken by staff.

It is a shame that a good debating thread was taken off topic and I hope that members can be respectful of each other and make their points across without the need to go off topic or pull each other down.

Specializes in RN, BSN, CHDN.

Such a great topic OP, I Know as a unit manager in Ohio I earn a lot less than I did when I worked in Arizona as an RN

Some of the nurses on my unit earn more than me, as they get extra money for charge and time they either start or finish work.

I give up really, and didnt even get a raise this year

Specializes in CVICU.
$6 is the difference between my pay (2years experience) and the cap pay for floor nurses. meaning no nurse on my flooor or similar units makes more than $6 an hour more. we dont get paid by experience or years working for the company but subjective evaluations and usually a few more cents a year. Nurses in float pool and critical care floats can make more than that.

Yes I understand...12k more is a considerable amount. My wife has only gotten a $1 rise in her 2 years on the floor. But she does score highly on her evluations each year.

And people that have been doing this for 30+ years need to realize it's the same in most ALL fields. And most everyone complains about the same things. Nurses have many more oppurtunities to branch out than the common worker, becoming a true White collar worker.

But it requires more schooling as does every other field.