by kublikhan » Mon 14 Jan 2019, 19:37:52
$this->bbcode_second_pass_quote('Newfie', 'A')I gut was 40% of jobs go away because of AI.
Teach all those folks how to be elder care givers.
https://www.cbsnews.com/news/60-minutes ... elligence/
These are low pay high stress jobs that many do not want. You know what segment of the population does flock to these jobs? Immigrants. So if you shut immigrants out of the country you are going to shut out a lot of the very labor force for elder care givers.
$this->bbcode_second_pass_quote('', 'A')pproximately 1 million of the current caregiver workers in the U.S. are immigrants, according to the Paraprofessional Healthcare Institute. This amounts to approximately one-quarter of the U.S. nursing, psychiatric, home health and personal care aides.
Despite the increase in job availability in this sector, nursing homes and agencies providing home health aides services struggle to provide sufficient staff to meet their patients’ needs. Across the country, patients with disabilities and the elderly who receive home health services in remote areas have gone without services in recent years, as agencies providing home health aides have reported staff shortages of up to 30 percent. Nursing homes in Wisconsin and Minnesota have been forced to turn away thousands of patients in recent years because they lack sufficient staff.
The reason for the acute shortage in the industry is simple: jobs like CNAs, personal care attendants, caregivers or home health aides are severely underpaid – on average about $10-11.00/hour – due largely to low reimbursement rates from the government programs that pay for the care provided to those in need. Their work – assisting the elderly, convalescents, mentally impaired or persons with disabilities with daily living activities – is physically and emotionally taxing. Workers often suffer injuries due to work-related accidents and even violent attacks. BLS estimates that the incidence rate of occupational injuries and illness among nursing assistants is the second highest, being surpassed only by the incidence rate of occupational injuries among police officers.
The employee shortage in the industry is about to get worse, as thousands of caregivers will have to leave their jobs when their work authorization in the U.S. is terminated. Throughout 2017 and 2018, the federal government announced it would terminate several immigration programs that provide employment authorization to foreign nationals who are currently in the U.S. A considerable number of these immigrants currently fill personal care aide jobs. The majority of the nursing homes and agencies providing home health services nationwide already employ immigrant workers, some with TPS and DACA-based employment authorization. Terminating these immigration programs will potentially leave long-term care facilities severely understaffed, in an industry where the U.S. worker turnover is already high.
Caregiver Industry Braces for Workers Shortage as Thousands Lose Employment Authorization in the U.S.'Crisis mode': As boomers age, a shortage of caregiversThe US can't keep up with demand for health aides, nurses and doctorsNot to mention this doesn't address who is going to pay for all of this. When you have a large working age segment of the population the pension burden of the aged section of the population is light as a small number of retirees are drawing pensions spread over a larger number of working age paying into the system. When this flips to a large numbers of retirees drawing pensions spread over a small number of working age paying into the system you are going to have a problem.
$this->bbcode_second_pass_quote('', 'W')e do, however, face with certainty another population problem that will be at hand very soon-a rapidly aging population. This article focuses on one implication of this problem-namely, the consequences of an aging population for government pension systems, such as the U.S. Social Security system, that rely on taxes paid by current workers to fund payments to retirees. The strain on such systems will grow as the number of persons receiving benefits increases relative to those in the labor force and paying taxes.
A Graying PopulationThe graying of the population poses a serious fiscal problem as the dependency ratio-that is, the ratio of persons out of the labor force to the number of persons in the labor force-rises. Government pension systems-Social Security in the United States-are where a rising dependency ratio has its most obvious impact. Social Security, like the public systems of most countries, is a pay-as-you-go system, meaning that taxes paid by current workers are used to fund payments to today's benefit recipients, rather than invested in accounts or otherwise set aside to finance the benefits of those currently paying taxes when they retire.
To be sure, under current law, one's Social Security benefits are related to the taxes he or she paid while working, but that link relies on the ability of government to levy taxes on one generation of workers to finance benefits promised to another generation. Obviously, as the number of persons receiving benefits rises relative to the number paying taxes, the average taxpayer must shoulder a larger and larger burden or, alternatively, benefits must be cut.
One way to think about Social Security taxes today is that they are like the food grown by frontier farmers that they do not get to consume because the food goes to their parents and children- their dependents. Some of the income earned by those working today has to be diverted to provide benefits for retired dependents. The burden will rise substantially in coming years because the number of retirees will rise relative to those at work.
Projections by the Organization for Economic Cooperation and Development (OECD) indicate that public transfers to retired persons for pensions and health care will increase in the average OECD country by some 6 percentage points of GDP, from 21 percent to 27 percent, between now and 2050.2 Unless promised future benefits are cut significantly, substantial tax increases will be necessary to effect such transfers. However, as a recent OECD report concludes, drastic tax increases could make matters worse by reducing the incentives for market work and for saving.3 The OECD concludes that in many countries it may be necessary both to reduce promised benefits and to increase the incentives for work.
In recent decades, there has been a tendency for people to enter the labor force at a higher age while retiring at an earlier age. Consequently, the proportion of life spent working has declined. This phenomenon reflects a number of factors, including increasing returns to education and increasingly generous transfer programs that encourage early retirement. In countries that experienced a post-World War II baby boom, large increases in the labor force in the 1960s and 1970s reduced the dependency ratio and enabled increasingly generous transfer payments to retired persons. However, if life expectancy continues to increase, as demographers project, the dependency ratio will rise and such transfers will constitute an increasing burden on those working.
This discussion should make clear that the fundamental problem our society-and all aging societies-faces is one of an increasing number of retired people relative to working people. To avoid substantial tax increases on future workers, some combination of only two possible solutions must be chosen. One is to reduce the annual payments to Social Security beneficiaries, and the other is to reduce the number of retirement years by raising the retirement age.