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...

 

I live in a depressed, rural area where the average wage falls roughly between minimum wage and $12.00/hr. for the majority. The cost of the average home is around $90,000. Once I successfully complete my hospital affiliated diploma program, pass nclex and begin at the hospital that employs ALL of its students (that want to work for them), the $25.00/hr the hospital starts its new grads at will seem like a financial windfall compared to the other $8.25-$12.00/hr jobs I myself have held within the medical field over the course of the last 15 or so years.

It may not be considered "big money" to others, but it will be comfortable enough living for me.

I find this to be an extraordinary reply to my message. Had you not quoted me I would have to assume that you didn't read a word I said.

While your comment seems 180 degrees off topic, I will agree with you. However complaining about a single snow flake while standing in a blizzard makes one look, at best uninformed, and at worst illogical.

Why is my reply extraordinary? Usually when someone makes a statement such as yours by pointing out what they feel is a greater injustice, it is an attempt to justify what they see as the lesser injustice. That's the way your post came across. My comment was only to say that they are both wrong and one shouldn't be allowed to continue because more money is spent on another wrong. Both should be appropriately addressed.

Great topic. As an RN, I hear this all the time. Nurses have worked hard historically to be respected as a profession, not a trade and along with that, our level of pay should be commensurate with that distinction .

I think also, healthcare organizations have encouraged this perception by using the 'high' wage of a nurse to justify their financial woes or there need to cut back staff.

As a seasoned nurse labor rep once said: " We make good money, BUT we still make less per hour than a plumber AND we can kill you!"

I made more money in the military as an enlisted person than I do now as a nurse without weekends etc. Nursing is not what people think it is.

I made more money in the military as an enlisted person than I do now as a nurse without weekends etc. Nursing is not what people think it is.

Likewise. We were taught in school that one component of consideration for being called a profession is the rate of compensation for one's work. Nursing is sorely lacking in this respect.

Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
We were taught in school that one component of consideration for being called a profession is the rate of compensation for one's work. Nursing is sorely lacking in this respect.

Admittedly, I've seen anecdotal evidence of wage stagnation and deflation in nursing.

Lean times of austerity are in the future of our profession, especially with an oversupply of new entrants who place downward pressure on wages.

Admittedly, I've seen anecdotal evidence of wage stagnation and deflation in nursing.

Lean times of austerity are in the future of our profession, especially with an oversupply of new entrants who place downward pressure on wages.

So how do we halt or reverse this?

Many people seem to run to grad school for better opportunity but it is quickly falling into the same situation

So how do we halt or reverse this?

Many people seem to run to grad school for better opportunity but it is quickly falling into the same situation

I'm hopeless about it. Our nurse population does not want to make it more difficult to obtain a degree or licensing, a majority still thinks a 2 year degree is enough and the rest is fluff. And then there is the whole foreign nurse recruitment ploy if we did.

It still chaps me that PT's had to have at least a bachelors back in the 80's when I went to school and their numbers remain in their favor with no recruitment goimg on behind their backs.

But we wanted to hang on to a quick education to a good job. Flame me but I think we've had too many individuals protecting themselves instead of looking to the larger outcome in general.

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.

The glut of nurses has nothing to do with the fact there are ADNs.

That you think so is a sign you have fallen for the false propaganda.

The glut was deliberately created specifically to reduce nurses's compensation and power. The tool used was the false "NURSING SHORTAGE!!!" propaganda.

The glut of nurses has nothing to do with the fact there are ADNs.

That you think so is a sign you have fallen for the false propaganda.

The glut was deliberately created specifically to reduce nurses's compensation and power. The tool used was the false "NURSING SHORTAGE!!!" propaganda.

Well first our would be RN's of the world don't do any real research and then the 2 yr programs produce high numbers in short order.

But when we can't trust the judgement of would be nurses to listen to us shouting that the market is flooded (good gawd look in the US forums) we don't even try to slow down their production.

So since the PT model isn't worth mention, what do you think is the solution?

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.
Well first our would be RN's of the world don't do any real research and then the 2 yr programs produce high numbers in short order.

The only two year programs I am aware of are the direct entry MSN programs that are popping up all over the place. In 2005 there were none in my state, now there are 4. In addition we now have many ONE year RN programs. There is a HUGE one year, online RN program in my state. All classes are online and clinicals are done near the student's home. They eve have students in this program in other states. Literaly a person street with zero healthcare experience can get into one of these programs and be an RN 12 months later.

These programs are churning out new grads like never before.

The ADN programs I know of take longer than 2 years since they usually make students comeplete re-reqs before they can get admitted to the 2 year RN program. 3 years seems pretty typical and 4 not unusual.

But when we can't trust the judgement of would be nurses to listen to us shouting that the market is flooded (good gawd look in the US forums) we don't even try to slow down their production.

So since the PT model isn't worth mention, what do you think is the solution?

The PT model would never be acceptable to those in nursing leadership like the ANA and AACN. I wouldn't have a problem with nursing following the PT model but that isn't going to happen. Had the ANA and other advocasy groups followed the PT model I am sure there would have been very little opposition to it.

Personaly I believe that one of the greatest strengths that nursing has, that other health professions don't have, is diversity. I think it's great that so many people come to nursing from a wide variety of backgrounds. The community college system is how many of these diverse people enter nursing. I would hate to see nursing become like medicine or pharmacy, made up mostly of people who went strait high school -> University undergrad -> university graduate school -> practice. I think we would be much the worse for excluding the former house wives, cops, teachers, farmers, factory workers, enlisted veterans, CNAs, and thousands of other backgrounds from entering nursing.

It makes me angry that my tax dollars are being used to wreck my profession. First thing that needs to stop is state and federal funding for new and expanding nursing programs. Our own organizations are helping do it to us. The ANA only advocates for things that are BAD for nurses as far as I can see.

I have to admit ignorance to the new types of RN programs, I really had no idea that there were 1 yr programs, or that some have really lax but $$$ admission requirements. It wasn't like that in the area I went to school with only 1 BSN and 1 ASN college in the area.