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Healthcare

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In Healthcare, we provide detailed analysis and projections of healthcare fields, occupations, and their wages. In addition, we discuss the important skills and work values associated with healthcare fields and occupations. Finally, We analyze the implications of our findings for the racial, ethnic, and class diversity of the healthcare workforce in the coming decade.

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Healthcare

  1. 1. Healthcare Anthony P. Carnevale, Nicole Smith, Artem Gulish, Bennett H. Beach June 21, 2012
  2. 2. Overview •  Healthcare accounts for 18 percent of the U.S. economy, twice as high as in other countries •  Demand for postsecondary education in healthcare professional and technical occupations is third fastest growing after science, technology, engineering and mathematics (STEM) and education
  3. 3. Demand •  Americans are living longer. Adults 75 to 84 use three times as much healthcare as everyone else combined •  Due to the growing demand for services and low productivity, the demand for healthcare services over the next decade will grow nearly twice as fast as the national economy
  4. 4. Demand (cont.) •  Between 2010 and 2020, healthcare occupations will increase from 10.1 million to 13.1 million jobs •  There will be 5.6 million healthcare job openings between 2010 and 2020
  5. 5. Labor Force •  There are two labor markets in healthcare: high-skill, high-wage healthcare professional and technical and low-skill, low-wage healthcare support jobs •  Healthcare professional and technical jobs—especially doctors and nurses—are responsible for large wage gains in healthcare during the 1990s
  6. 6. Labor Force •  More than 70 percent of healthcare support workers make less than $30,000 per year
  7. 7. Labor Force (cont.) •  The gaps that exists between the supply of nurses by education level continues to rise
  8. 8. Skills Required •  Healthcare professional and technical jobs demand postsecondary training and advanced degrees, while support jobs demand high school and some college •  82 percent of 5.6 million new healthcare jobs (4.6 million) will require postsecondary education and training
  9. 9. Trend •  Upskilling is growing fast, especially in nursing •  Rising Bachelor’s degree requirements hinder minorities from securing nursing employment •  Healthcare has 22 percent foreign born workers compared to 13 percent of all workers nationally
  10. 10. Conclusion •  Healthcare will continue to grow fast and provide some of the best-paying jobs in the nation—but the people in these jobs will increasingly require higher levels of education to enter the field and continuous life-time learning and training once they are part of the industry
  11. 11. For more information: Email Us | cewgeorgetown@georgetown.edu Follow Us on Twitter | @GeorgetownCEW Find us on Facebook | Facebook.com/GeorgetownCEW Follow us on LinkedIn | linkedin.com/company/georgetowncew See the full report at: cew.georgetown.edu/healthcare/    

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