U.S. Will Need 5.6M More Healthcare Workers by 2020

The United States will need 5.6 million more healthcare workers by 2020, as the demand for healthcare services is expected to grow twice as fast as the national economy in the next eight years, according to a new study from Georgetown University.

From 2010 to 2020, healthcare production will increase by more than 70 percent, growing from $1.8 trillion to $3.1 trillion. This will require the most dramatic workforce growth of any sector in the U.S. within the next decade.

Of those 5.6 million healthcare job vacancies, 4.6 million will demand post-secondary education. "In healthcare, there are really two labor markets: professional and support," Anthony P. Carnevale, the study's lead author, said in the release.

Professional jobs require post-secondary training whereas support jobs demand high school and some college. Mr. Carnevale said there is an "enormous" pay gap between the two, as the average professional worker makes 2.5 times as much as the average support worker.

The report also found that, by 2020, one out of every five dollars Americans earn will be spent on healthcare.

More Articles on Healthcare Employment:

Harvard Economists: Employment Isn't the Goal of Healthcare Reform
8 Most In-Demand Jobs Into 2020
Healthcare Employees' Attitudes on the Job Market: 15 Statistics

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Whitepapers

Featured Webinars