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Not according to the Department of Health and Human Services ... which projects 800,000 vacancies by the year 2020.
The demand for registered nurses across the country will outpace supply through 2020. A 7 percent shortfall nationally of Registered Nurses (RNs) in 2005 is expected to jump to nearly 30 percent by 2020, translating into a shortage of more than 800,000 nurses nationally (figure 1). Among the factors driving demand are a rapidly growing population—with much of the growth occurring in the elderly population—and medical advances that increase the need for nurses
As for 100K in California being the same as 50K elsewhere due to the cost of living ... that's probably true in some cases but ... nursing allows me to live on the California coast. I absolutely love it here.
2020 is 10 years a way. I said the decline will happen probably 20 to 30 years from now. So a person 18 to 24 may see layoffs at their prime earning stages of their life. Why do I say this is because the baby boomers are the largest group alive and also starting to become the oldest. Our current situation of healthcare is poor due to the uninsured and the cost of gov programs. With our economy in the dumps for the next 5 years we will see the uninsured grow. We will probably see a socialization of medical insurance. Due to lack of employment in other fields people will flock to the nursing field until it becomes oversaturated and puts a downward pressure on wages. Once wages are lowered the employer wins and the employee is left with a skill that is no longer scarce.
BLS expects nurses to grow at a fast rate.
They also said this :Employment is expected to grow more slowly in hospitals—health care’s largest industry—than in most other health care industries. While the intensity of nursing care is likely to increase, requiring more nurses per patient, the number of inpatients (those who remain in the hospital for more than 24 hours) is not likely to grow by much. Patients are being discharged earlier, and more procedures are being done on an outpatient basis, both inside and outside hospitals. Rapid growth is expected in hospital outpatient facilities, such as those providing same-day surgery, rehabilitation, and chemotherapy. http://www.bls.gov/oco/ocos083.htm
IT has lost of ton of jobs in this recession. Besides, they continue to ship those jobs off to India.
You need to look at the actual supply and demand data, and whether the job can be exported overseas because ... if they can, they will.
Shipping Jobs overseas will soon be a thing of the past. Sales jobs will lose the biggest because our economy is going to shrink. IT is a broad field which jobs are being lost the most?
Computer and Information Scientist
As our need for technology grows, so does our need for computer scientists. Working as researchers, computer scientists solve technological problems and develop successful solutions. Many computer scientists work on teams in industrial settings or at universities, exploring new and innovative technologies. According to the BLS, computer scientists made over $100,000 a year on average in 2007. An online bachelor's degree in computer science may be able to give you the traction you need for this fast growing career.
Computer Systems Analyst
We know computers are important, but consider this: without computers, most American businesses would not be able to run. Computer systems analysts work for companies and businesses, identifying their technological needs. As a computer systems analyst, you will choose and configure hardware and software in order to meet your company's goals. Keeping up to date with current technologies is key. A bachelor's degree in a technical field, such as computer science or management information systems, can give you the career training you need for this rapidly growing, much sought after career. According to the BLS, computer systems analysts made an average yearly wage of $75,890 in 2007.
http://hotjobs.yahoo.com/career-articles-myth_or_reality_the_recession_proof_career-650 (broken link)
Concur. Nurses are getting a short-term high. People are flocking to the profession at an unsustainable rate, even accounting for the baby boomer wave. Wage deflation will occur in nursing, and as the baby boomers die off the unbalance will become more dramatic. So yes, a nurse starting today may see an above median income to start, but the next decade will see added work for no added pay, the third decade of work will be even more brutal etc etc. Nursing as a career choice for the many out there who were not intending in pursuing it just for the economic incentives are going to see that their outlook was too short-term. The gravy train won't last you 30 years I'm afraid.
Priest, Rabi, clergymen etc... When have you ever heard of a church laying them off? Probably not a career choice for most of us but it's probably one of the most stable fields/lifestyles.
There never has been a safe job. Only safe attitudes.
Here's the thing. If you are really good at your job, always try to perform it better, possess a good attitude, always stretch your horizons, and network, you will always make a good living. Heck, I got an English degree, and am semi-retired at age 46.
The economy is always changing and it always has. People who are the long-term casualties of those structural changes are always the ones who: Are content doing it the same way without regard for profitability and productivity; have lousy attitudes; don't try to be better at their jobs; and never do one whit more than is asked of them.
So, do you want to enjoy safety and security in your career? It's not what field you enter, but rather how you do at it. Here's how to ensure a long and successful career:
Find a job that interests you.
Once you're in the door, learn everything you can about the business, including how the money flows.
Talk to people in your profession outside your own company.
Take extra classes, even if it's on your own dime.
Read the trade journals.
Always think about profit and loss.
Think about larger issues in your profession outside your narrow set of responsibilities.
Come in fifteen minutes early, and don't leave until everything is off your desk.
Never promise anything you cannot deliver.
Be a star, but not at the expense of your fellow employees.
Be ethical and honest at all times.
Don't play politics.
Be cheerful at all times.
Be willing to take the occasional calculated risk.
Live within your means, for it gives you a much greater degree of flexibility.
Accumulate the equivalent of four months' income and stick it in a separate money market account, one where you have to think before withdrawing.
Try to put the company first whenever possible. But don't allow yourself to be exploited, either.
Get every promise and agreement in writing.
There never has been a safe job. Only safe attitudes.
Here's the thing. If you are really good at your job, always try to perform it better, possess a good attitude, always stretch your horizons, and network, you will always make a good living. Heck, I got an English degree, and am semi-retired at age 46.
The economy is always changing and it always has. People who are the long-term casualties of those structural changes are always the ones who: Are content doing it the same way without regard for profitability and productivity; have lousy attitudes; don't try to be better at their jobs; and never do one whit more than is asked of them.
Very Good Advice...
The only issue I've run into is super-star employees in Corporate America are sometimes seen as a threat... it does happen, especially when equals or superiors are on shaky ground
BLS expects nurses to grow at a fast rate.
They also said this :Employment is expected to grow more slowly in hospitals—health care’s largest industry—than in most other health care industries. While the intensity of nursing care is likely to increase, requiring more nurses per patient, the number of inpatients (those who remain in the hospital for more than 24 hours) is not likely to grow by much. Patients are being discharged earlier, and more procedures are being done on an outpatient basis, both inside and outside hospitals. Rapid growth is expected in hospital outpatient facilities, such as those providing same-day surgery, rehabilitation, and chemotherapy. Registered Nurses
This is nothing new. Healthcare is basically going to shift to home health ... rather than hospital care ... because of the cost savings.
But just because the concentration of jobs won't be in hospitals anymore ... doesn't mean that nursing jobs are going to shrink.
They're not. Hence the reason they talk about "rapid growth in outpatient facilities" which, btw, also includes surgical centers and the like.
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