Journal Article

Decline in Number of Workers with “Some College” Is Boosting Healthcare Wage Inflation

Abstract: Compared with the pre-pandemic period, the labor force contains about 1.5 million fewer individuals who have some post-secondary schooling but less than a bachelor’s degree. As a result, vacancies for jobs that require a post-secondary certificate or an associate degree remain elevated, especially in health-related fields. These shortages have contributed to higher wages in the fast-growing healthcare field and are unlikely to resolve quickly.

Keywords: educational attainment; labor supply; labor compensation;

Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2023-12-20

Pages: 4