As of March to April 2024, Democrats are touting that the U.S. economy has been adding jobs. (Wanting to make the Biden Administration look like they have been doing a good job on economic policy) But most of those jobs are either low-wage, or in government or healthcare. This is worrying. More government jobs do not really represent any overall increase in wealth in the economy. Nor does it represent a "strong economy". And most likely this increase in government jobs will not even be sustainable, with rapidly mounting government budget deficits and the huge increase in national debt, cuts are likely beyond the horizon. The jobs in healthcare require a lot of training. And probably many of those jobs are only open because a lot of nurses suffered burnout over the last 2 years and left the field. And probably, I would guess, somewhere around 40% of those jobs in nursing are just going to go to immigrants. Most of the nursing job openings are either in very expensive unaffordable big city areas (where half the income is going to go to paying rent) or more remote smaller rural areas, places where it can be harder to attract an American candidate. So many of the hospitals will then bring in a foreign nurse worker on an H1-B visa. March jobs report: health care and government sectors added the most workers Transportation and warehousing as well as manufacturing were at the bottom of the list March jobs report: healthcare and government sectors added the most, Fox Business, by Megan Henney, April 5, 2024 Just three sectors accounted for almost all the job growth in November Nearly all of the job growth in the economy in November came from just three sectors: health care, government employment, and leisure and hospitality. Just 3 sectors accounted for almost all the job growth in November, Axios.com, by Emily Peck, December 11, 2023 Rising nurse practitioner burnout: charting and work-life balance Erica Dorn (Family Nurse Practitioner), November 4, 2023 Nurse practitioner (NP) burnout is at an all-time high. Many nurse practitioners (and health care providers in general) are struggling right now, feeling mentally, physically, and emotionally exhausted. Many are contemplating leaving health care altogether. Rising nurse practitioner burnout: charting and work-life balance (kevinmd.com) US faces 'perfect storm' nurse staffing crisis: About a third plan to leave, survey finds Two surveys show the nation's nursing shortage widened during the pandemic About 3 in 10 registered nurses say they are likely to leave their career due to the pandemic, according to a survey released this week from AMN Healthcare, a staffing company. Another recent report by the National Council of State Boards of Nursing found about 100,000 registered nurses left the profession since 2020. More than 600,000 intend to leave by 2027 due to stress, burnout and retirement. Nursing employment updates: Why are nurses leaving the profession?, usatoday.com, by Ken Alltucker, May 3, 2023 The prevailing opinion earlier this year was that the hospital registered nurse (RN) shortage was being driven by older nurses retiring early or leaving hospital employment for less-demanding care settings during the pandemic. However, recent data shown in the graphic below paint a different picture. We are seeing a new uptick in younger RNs leaving the profession. The size of the total RN workforce decreased by 1.8 percent between 2019 and 2021 - and the decline was twice as steep for hospital-employed RNs. Younger RNs disproportionately drove this decline: nurses under age 35 left the nursing workforce at four times the rate of those over age 50. Younger hospital nurses leaving the profession altogether - Gist Healthcare In 2024: At least 48,278 workers at U.S.-based tech companies have lost their jobs so far in the year, according to a Crunchbase News tally. In 2023: More than 191,000 workers in U.S.-based tech companies (or tech companies with a large U.S. workforce) were laid off in mass job cuts. Tech Layoffs: US Companies With Job Cuts In and 2023 and 2024 (crunchbase.com)
Kevin Cash has applied to more than 1,200 jobs since being laid off in November 2022. He started using a "no-nonsense" cover letter after getting fed up with not hearing back. Cash hopes recruiters will start thinking about applicants as people who need to make a living. Kevin Cash lives outside Portland, Oregon, has a background in business intelligence and working in semiconductor manufacturing facilities. Cash, age 42, served in the Navy, is a member of the IQ society Mensa, and has five degrees, including an MBA. He's been looking for a full-time job since getting laid off in November 2022. Why I started using this blunt cover letter after applying to more than 1,200 jobs and rarely hearing back, Tim Paradis, Business Insider, January 21, 2024 related story, see post #6 in this thread: Fewer white males are going to college Half (or maybe all) of new jobs have gone to illegal immigrants (posted in Economics & Trade, June 1, 2024 )
The median yearly earnings for 25- to 34-year-olds is less than $55,000, according to the Bureau of Labor Statistics. (source here, statistics for first quarter of 2024, United States) The income for males in this age group is only 11% greater than for females. As of March 2024, the median home price in the U.S. is $393,500. In the state of California, the median price for a single family home is $814,280.
