I haz little money. 😦
I know I’m not paid enough for my troubles at work. Stupid people and their penny pinching, price checking ways. I need to get out of retail. But…I’m told that we’re, apparently, in a recession. 😛 I was curious to see what trends were at work on employee’s wages during this continuing recession. I did some snooping around on the internet today. The results were quite
depressing startling. Here’s what I found out:
Figure 1: National Trend in PayScale over Time
Figure 1. Source: Payscale.com The changes in wages, as calculated by the PayScale Index, for employed US workers. The red line indicates the national average. The grey line represents the healthcare field.
The trends are clear
It is clear from the graph that the healthcare field has been better off than the national average at retaining their wage levels despite the recession. This is good news for people looking to go into the field. The only other sectors that performed better than healthcare against the national average were the Utilities Industry and the Mining, Oil, and Gas Exploration Industry(both of which are seeing gains in their wages after the drop around early mid 2009).
Healthcare remains mostly stagnant in so far as wage growth is concerned. Save the two exceptions to recent hits, most sectors have seen this same prolonged stagnant period. The healthcare sector lucked out since it divorced itself from hugging the national average around mid-2008. It seems to have worked out for them since they now hold a stagnant wage level that took no major drop.
If only my current job in retail would even remotely offer me the chance to get a wage increase. 😦 How has the recession affected your wages/earning potential?