The health care industry isn’t just another stable sector of the labor market. It’s, appropriately, the healthiest.
According to the U. S. Bureau of Labor Statistics, the health care and social assistance industry is projected to generate the largest number of jobs annually over the next decade or so and is the largest and fastest-growing among all major sectors. Even during economic hard times, the health care industry has continued to grow.
The growth doesn’t appear to be short-term, either. There are multiple factors that are contributing to the rise of the medical industry, including an aging population of baby boomers who are living longer than their predecessors, new medical technologies, even health care reform. As more people need health care for more years to treat acute illnesses and manage long-term conditions, it follows that the need for more health care facilities and, subsequently, support staffing, will increase.
Physicians certainly aren’t the only people who practice in the medical field. Health care encompasses a huge variety of services in facilities from private specialty clinics to enormous, multidisciplinary teaching hospitals. Providers also include nursing assistants and nurses (CNA, LPN/LVN, BSN, RN, etc.), allied health professionals (audiologist, respiratory therapist, pharmacy technician—to name just a few) and community health workers.
I’m Not a Doctor, and I’ve Never Played One on TV
So, how do you get a piece of this? If you have no inclination to be a direct health care provider, there’s still a web of supporting businesses from builders to insurance companies to healthcare staffing firms like RTG Medical who are flourishing right alongside the medical sector and have stable, lucrative and fulfilling careers to offer as a result.
Bottom line: the business of healthcare is booming, and there’s money to be made within the medical field and related industries. Because the demand is high, you can prosper on a competitive wage and reach opportunities for career growth, so it’s great place to be. And if you’re looking for long-term security, it’s a great place to stay, too.
If you’re barely making a living wage, are stuck in a position where there’s no chance for advancement, are finding that your skills are underutilized, have had your hours cut, or are facing layoffs or reduction in force, a new opportunity in a thriving organization that supports the healthiest sector of the labor market might be just the shot in the arm you need to make you — and your future — feel much better.