When demand increases in L&D, ICU, PCU, etc., so does the pay and bonuses. When demand increases in Psych in Florida, units are closed due to not enough staff...the demand continues to increase, but pay does not, and our patients have fewer care options. COVID-19 has also left a mental health crisis, and the Opioid crisis, now with Fentanyl and overdose deaths outpacing car crash deaths...the demand for treatment is super high, but instead of increase in pay, more centers opening up, the opposite happens. I've read that Florida is 49th of 50 states in offering mental health care...but seriously...it should be an amazing time to by a psych RN, instead we are leaving the specialty for better pay elsewhere.
I get there are other factors besides supply and demand. Cardiology, L&D, ICU, these units make money compared to psych.