So which vertical within the staffing industry is going to offer the most potential over the next several years/decades? More insight for John Osborne at Staffing Industry Analysts.
"When the effect of healthcare reform kicks in a few years from now, demand for healthcare professionals will go through the roof. But in most skills, supply will gradually expand as well, and over the long run shortages will not be much worse than they are now. It's just not that hard to become a physical therapist or even a registered nurse. Those jobs will eventually get filled.
But it is a hard, and very lengthy process, to become a physician, and in many cases physician jobs will not get filled.
Physician supply can't react quickly to demand, because there simply aren't that many spots in U.S. medical schools, and nothing in the healthcare reform bill will materially change that.
So to sum up, demand for physicians will boom but supply will remain fairly static. Get the picture? More than ever it makes sense to either be a doctor or marry one. Short of that, the next best thing is to get in the locums business."
Acknowledging that some public response my address this shortage, alternative evidence is presented.
"As long ago as 1958, economists noted that the American Medical Association, which had been exclusively empowered to certify medical schools, was behaving very much like a monopoly, limiting supply in order to increase price (in this case, the salaries of their constituent doctors). The topic is so old that economists have lived and died talking about it, and today students are routinely assigned the task of re-investigating the case as a matter of academic exercise. And yet nothing was ever done to change that situation, despite fifty years of talk.
My guess is that the physician shortage (already at just 0.5% unemployment) will get much worse. The only likely relief is greatly expanded use of nurse practitioners --but that too is locums business, isn't it?"
USA Staffing Services:
Certainly worth considering. Basic supply and demand. Not enough supply to fill the demand. Great if you control the supply!
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